AP to launch new projects with confidence in the recovery of consumer purchasing power. The company plans to launch 24 new projects worth Bt40bn, focusing on condominium projects along mass transit lines. (Post Today, 10/02/15)
Comment: ANAN has started to take market share away from AP in terms of projects around the Mass transit lines, but AP still has a strong customer base and a good partnership with its own Japanese partner

New investment by wholly owned subsidiary — Royal Bangkok Healthcare Co., Ltd. (“RBH”), a company in which Bangkok Dusit Medical Services Public Company Limited (BGH) holds 99.99 per cent of total issued shares, plans to invest in General Hospital Products Public Company Limited (“GHP”) whose business is manufacturing of solutions for intravenous infusions i.e. saline solution, glucose and other medical supplies. RBH will purchase the shares from the minority shareholders of GHP and will also subscribe the newly issued shares from GHP, for a total of 40% of total paid up capital of GHP after its capital increase. The total investment amount will not be more than Bt350mn. The payment for those shares will be made in cash. (SET,10/02/2015)
Comment: The hospital machine that is BGH continues to acquire hospitals in Thailand, they are the biggest player and will continue to be

BTS announced 3QFY15 profit of Bt981mn up 124% YoY and better than the company’s expectation. The cumulative profit for the first nine months was Bt2.265bn, down 81% YoY. (Post Today, 10/02/15)

CCP says its JV project will be finalized in 2Q15. In 2015, it expects 10% revenue growth driven by government projects and Bt2.1bn backlog. (Thun Hoon, 10/02/15)

CSL expects revenue growth at 5% this year and expects to finalize a software project with a Malaysian partner soon. (Khao Hoon, 10/02/15)

CI expects stable property market but will be cautious with its investment plan due to uncertain global economic outlook. The company will keep its investment budget at Bt6bn for the development of existing projects. (Krungthep Turakit, 10/02/15)
CI plans to invest high-end real estate project in Myanmar and expects to do hotel management overseas over the next two years. It expects 5-10% revenue growth this year and will set up a Bt1.bn REIT in 4Q15. (Thun Hoon, 10/02/15)
Comment: It’s recent partnership with the Chinese developer is a clever move by CI, perhaps in the near future we will begin to see more stable earnings coming out of this company. 

FPI plans to do roadshow in Cambodia mid-February and aims to expand into ASEAN. It expects revenue growth of 20% this year. (Thun Hoon, 10/02/15)

CP group expects to finalize the deal to acquire a 51% stake in LHBANK by March, according to an unofficial source. The deal will benefit both parties. CP group will be able to get financial support from LHBANK and LHBANK will be able to use CPALL’s 8,000 branches as its network. The offering price is expected to be at 2-2.5x BVPS. (Khao Hoon, 10/02/15)
Comment: This report has been in the market since last year, the stock price had gone through the roof and seemingly and returned to normality

LPN reports backlog at Bt18.6bn, Bt14bn of which could be booked in 2015. It launched its first project for this year, Lumpini Park Beach Cha-am, with total project value of Bt1.05bn and expects presales of 70%. In January, LPN was able to book presales of Bt800mn. (Khao Hoon, 10/02/15)
Comment: One of the few publicly listed condominium developers that can still do well in the provincial market.

MBKET paid out 100% dividend on 2014 operations, backed by strong trading volume in 2H14. Management targets to gain market share of 15% by 2020. (Post Today, 10/02/15)
Comment: By far still the largest (best?) broker in Thailand today.

Management expects performance turnaround in 2015 with sales revenue target of Bt15bn from 1mt sales volume of its steel products. More capacity from TSSI will double capacity for this year plus more gain from land sales and production startup at its plant in Myanmar. (Khao Hoon, 10/02/15)

PS will focus more on mid to high-end market to mitigate obstacle of high household debt. The company expects high purchasing power in Bangkok and vicinity although the condominium market may not be exciting this year. (Post Today, 10/02/15)

Rumors that Thai Watsadu Group will take over RCI. RCI’s management expects 2015 to be a good year from growing sales from increasing government projects and real estate business. It sees AEC as an opportunity for expansion. (Thun Hoon, 10/02/15)
Comment: Well, Thai Watsadu does want to to nearly double the number of stores that it has in Thailand. Why wouldn’t the firm just IPO vs do a backdoor via RCI?

SMART announced net profit of Bt41.71mn, up 100% YoY. The Board of Directors approved the issuance of 184mn warrants to existing shareholders at a ratio of 5:2 and the exercise price of Bt1.25. Management expects sales revenue to grow 10% YoY on recovering demand for foam concrete block for flooring. The company also plans to expand dealers by 15-20% this year. (Khao Hoon, 10/02/15)

WORLD revealed its blueprint in achieving sales revenue of Bt1bn, including the property projects, health center and education center. The company will launch condominium project worth Bt1.2bn by the end of this year which could boost 2016’s earnings. (Khao Hoon, 10/02/15)

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