New Europe trigger fund — Asset Plus Asset Management expects a rebound in European stock markets and is launching a Europe trigger fund with an expected return of 16% over MSCI Europe Index. Its ASP-Europe Value Fund will accumulate more European stocks. (Khao Hoon, 13/2/15)
Comment: Why Thai retail investors love Trigger Funds I just don’t understand, with the high fees and a capped upside it doesn’t make sense, but as long as there is demand there will always be supply.

BCH expects 2015 earnings in to improve, driven by earnings turnaround for World Medical Center (WMC). It targets revenues growth at 10% this year and will focus more on international patient service and will sign agreement with Emirates government to refer patients to the hospital. (Kao Hoon, 13/02/15).
Comment: WMC has been a drag on BCH’s earnings for the longest time and I’ve read about a potential earnings turnaround for years…

Selected to build joint ticket system — The Office of Transport and Traffic Policy and Planning has hired BTS to build the joint ticket system with project value of Bt338mn. The joint ticket is expected to be launched early in 2016. (Khao Hoon, 13/2/15)
Comment: Finally!!!!!!!!!!!!! Ok great for the users but I wonder who will earning a % from the ticketing system, if BTS then its one incredibly valuable platform

CIMB says it has set a loan growth target this year of 15-20% driven by the addition of at least 200,000 more retail customers to 1.1mn. (Thun Hoon 13/2/15)

CPF expects 20% increase in chicken production during Chinese New Year. (Khao Hoon, 13/2/15)

New CEO selected — DTAC named Lars-Ake Norling as its new CEO, effective April 1, 2015. (Khao Hoon, 13/2/15)

BOI awards eight licenses to EA to operate wind farm projects. The total capacity of these eight projects is 448.5MW, worth Bt26.2bn. The company also revealed that it is considering a solar farm with capacity of 90MW in Lampang province. (Khao Hoon, 13/2/15)
Comment: The rumours re WEH are pushing the stock price high today

GFPT reports 20% growth in revenue and earnings in 2014 driven by more exports to Korea. The firm expects another 13% revenue growth in 2015 underpinned by the recovery in domestic market and continued momentum in Korea. (Khao Hoon, 13/2/15)

KTB saw a continued pick up in business confidence in 4Q14 and expects 2015 GDP to grow 3.9%, supported by public investment, particularly infrastructure projects, which could crowd out private investment. (Khao Hoon, 13/2/15)

LPN announced the final DPS of Bt0.54. XD is February 24. The company has a positive outlook toward 2015 on the back of strong backlog and economic recovery. (Khao Hoon, 13/2/15)
Comment: LPN announced a surprise with its dividend – to the upside – and apparently have the highest growth this year of 37% amongst all firms within the property sector.

MCOT sets ambitious revenue growth of 20% in 2015. The key drivers will be program reshuffle and ad rate discount. (Thun Hoon 13/2/15)

MDX is likely to build second industrial park following the stimulus package from the BoI as well as permission by the EIA to sell a 1,000 rai plot of land. (Thun Hoon 13/2/15)

SYNTEC has positive outlook for 2015 with strong backlog of Bt10.5bn and potential projects worth Bt7-8bn even after three-fold earnings growth in 2014. (Thun Hoon 13/2/15)
Comment: The 3 fold increase in earnings is a function of a low base + special gain.

The company expects 5-10% growth in 2015 revenue and will inject more assets worth about Bt4.5bn into its REITS. (Khao Hoon 13/2/15)

  1. Hi Pon.

    I own BTS and this is big news. Now that BTS is making this joint ticketing system (JTS), I believe this is to allow BTS to interface their ticketing with the other train lines and subways. Will BTS run this system for the Office of Transport (OoT) as a concessionaire or were they only the hired builder of this system and will turn the JTS over to the OoT? Any other information you can give would be appreciated as I am in the process of buying more BTS shares.

    • My take on CPF is that earnings have bottomed out and they are back on the upswing. As Pon mentioned their 2 biggest drags are CPALL’s earnings decline and the Shrimp business being in the red both of which have already bottomed out in 2013 and last year.

      I used this same logic when deciding to buy into TUF back in 2013 when their Shrimping business got devastated by EMS. Since that time TUF has been one of my best performers returning about 75% for me, inclusive of dividends.

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