Gets job in Saudi Arabia — BKD will partner with a Saudi Arabian partner for an interior decorating job in a hotel worth Bt1bn. It targets revenue growth in 2014 of 15% YoY after missing target of Bt1bn in 2013 due to a delay in construction work. It plans to bid for new projects worth Bt4-5bn and expects to win 50%. (Khao Hoon, 09/01/14)

Comment: This may help explain why a director has purchased some 2 mil shares in the co since the 27th Dec


Impact Growth REIT close to birth — The SEC will approve BLAND’s Bt20bn IMPACT Growth REIT, the country’s first REIT fund, next week. Management said it expects to sell the investment units within the first quarter and will book extraordinary gain of Bt3bn in FY4Q14 (Jan-Mar 14). (Khao Hoon, 09/01/14)

Comment: This is most likely priced in


To appeal delay of work penalty — GEN reports progress in the penalty for work delay levied worth Bt30mn and Bt11.24mn advance payment. It has appointed a lawyer to file an appeal against the charges from Naresuan University. (Khao Hoon, 09/01/14)


NCH aims at 2014 revenue growth of 25% YoY with sales growth of 10% YoY. It has more than Bt1bn in backlog and plans to set up 2-3 projects worth Bt2bn. (Khao Hoon, 09/01/14)


PTTGC to splash out on big projects – PTT Global Chemical Plc (PTTGC), Thailand’s largest petrochemical producer, expects to double revenue by 2020 from its 2012 baseline through massive investments. Chief executive Bowon Vongsinudom said PTTGC revenue would double to more than Bt1.1trn in 2020 from Bt565.6bn in 2012. The company plans capital spending of US$11bn from this year through 2020. (Bangkok Post, 09/01/14)

Comment: PTT Group is going gangbusters with its capex spending


Copyright law clouds World Cup broadcast, says lawyer – Although the National Broadcasting and Telecommunications Commission’s “must have” rule advises that all 64 matches of this year’s Fifa World Cup Final must be aired on free TV, the Administrative Court may decide otherwise, says a lawyer for RS, the local holder of broadcast rights to the soccer tournament. (The Nation, 09/01/14)

Comment: How can the administrative court decide otherwise? Its by law that the matches should be aired for free.

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