AP

Cuts forecast on politics — AP has cut this year’s forecast as the political demonstrations have hurt sales. Revenue target now stand at Bt19bn from Bt20bn, with presales forecast at Bt18bn from the previous forecast of Bt22bn. (Khao Hoon, 20/12/13)

Comment: Nope, their numbers were going to be poor anyways

GUNKUL

Expects good 4Q13 — GUNKUL management is confident that 4Q13 will see strong numbers as 15 solar rooftop projects will take off soon. Next year its electricity plant in Myanmar will start generating 25 MW, bringing 2014 growth of 15-20%. (Khao Hoon, 20/12/13)

JMART

Setting up community mall through subsidiary — Management said that it will invest Bt1bn in JMART subsidiary, JAS Asset, to set up a community mall, The Jas. This will support business growth in the future. JMART aims to raise the funds by the end of 2014. (Tun Hoon, 20/12/13)

Comment: And then in the future JMART will list JAS Asset just as they did with JMT

NUSA

Good growth in 2014 — NUSA says it will do very well in 2014 on revenue of Bt3bn, and margin of 30-40%. It will set up a property fund worth Bt1bn in 1Q14 and launch a water park that create recurring income. It is confident that can report profit in 2013 with BVPS of Bt1.01. (Thun Hoon, 20/12/13)

Comment: One funny company, it started off as an RTO (delayed), then raises funds, and if you look through the past numbers you can see the owner bought his porsche through the company even though it was losing money.

QTC

4Q13 to be best — QTC is confident that 4Q13 will be the best quarter yet as jobs are being completed and revenue can be booked. However it stated that earnings for the year will be slightly weaker than last. (Khao Hoon, 20/12/13)

Comment: This is an interesting business, similar to TRT, but appears to be more competitive for exports

TTA

To list fertilizer subsidiary — TTA will list its fertilizer company PMTA to obtain capital for expansion. The IPO shares will be initially offered to current TTA shareholders. (Khao Hoon, 20/12/13)

Comment: TTA does have an interesting list of assets on hand but on the shipping and subsea side they’re all expensive, hence the writedowns, and the company needs cash just to continue