AYUD hunting for acquisitions – Investment company Sri Ayudhya Capital (AYUD) continues to  look for acquisition opportunities as it believes the coming insurance liberalization will force small insurers to seek strategic partners to reduce operating costs. (The Nation, 21/07/14)
Comment: The insurance industry has been growing very well in the past decade and AYUD has benefitted from this, the value here is in its investment holdings
CCP reaffirms revenue target growth of 10% this year after it sees higher chance to get more work from the private and public sector. The company also plans to launch precast products in 3Q14 in hopes of attract new clients. It said the negotiations on a new partnership should be concluded within 1-2 months. (Khao Hoon, 21/07/14)
JMT buying bad debt purchasing of Bt1bn from EasyBuy and Thanachart. It continues to  purchase bad debt to manage and expects a portfolio of Bt50bn in 2014. It expects sharp growth  in 2Q14, bringing net profit growth of 50% in 2014. (Tun Hoon, 21/07/14)
Comment: They are the best and biggest debt collector in Thailand today.
JUBILE says 2Q14 earnings were good supported by a positive response to its big marketing  campaign, “Jubilee Mid-Year Sale 2014”. It said it may consider revising its 2014 revenue target up  after its board meeting to close its books in August. It plans to open its flagship store in 3Q14. (Khao Hoon, 21/07/14)
Comment: If you still think that the mid-high end consumer is spending money on jewelry, then you can’t go too wrong with JUBILE

PDG IPO shares priced at Bt2.8, with subscription on 21-23 July and traded on 29 July on mai. It expects to raise capital of Bt196mn, which it will use to purchase additional machinery. (Khao Hoon, 21/07/14)
STEC will obtain compensation, if the Mass Rapid Transit Authority of Thailand reduces the amount of the contract for the maintenance center for Blue Line extension, the 4th contract, because STEC has already completed 50%. It maintains revenue of Bt23-24bn in 2014. (Khao Hoon, 21/07/14)
WHA signals 2Q14 beat 1Q14 revenues of Bt148mn, driven by a surge in warehouse rentals and revenue from its solar rooftop project. It will also sell assets worth Bt4.7bn to a REIT at the end of this year. (Tun Hoon, 21/07/14)
Comment: While I’ve argued on a valuation basis that WHA isn’t worth more than TICON, perhaps because the company is actively driven looking for growth it can continue to trade at a premium

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