BMCL – Still negotiating over Purple Line — A BMCL insider revealed that the company discounted the costs for the Purple Line, Bang Yai – Bangsue, down Bt700mn but the MRTA is still not satisfied and wants a discount of Bt1.2bn. The MRTA expects BMCL to make a counteroffer within seven days, but the company believes lowering the price will be difficult due to higher wages and the absence of BoI support since there is still no TOR. (Khao Hoon, 24/01/13)

Comment: The stock has been pushed up a lot over the past 2 weeks mainly due to this news as well as, we believe, over a potential sale to an infrastructure fund in the future

CK – Expects 20-30% revenue growth — CK has raised its sights to revenue growth of 20–30%YoY to Bt25-28bn after the beginning of four large projects. It plans to bid for many projects for a total of Bt400-500bn. Winning would increase its backlog to Bt160bn. CK will book Bt2.2bn from the sale of TTW share in 1Q13. (Khao Hoon, 24/01/13)

Comment: Their corporate restructuring does set the group up well for future sales and listings

KBANK -KBank to name president but stick with strategy — Kasikornbank will announce its new president at the end of next month but it has pledged to keep its existing business strategy in place. (Bangkok Post, 24/01/13)

MATCH – Reaches 2012 targets — MATCH said that 2012 revenue reached Bt600mn as targeted. It has set its 2013 target at Bt860mn, as there has been strong growth in the film and advertisement equipment rental business. It expects undertake a capital increase by the end of this month. (Khao Hoon, 24/01/13)

Comment: Raising capital, great for the company, potentially awful for minority shareholders in the short term!

SAMART – 2013 revenue to reach Bt30bn — SAMART is confident its 2013 consolidated revenue will reach Bt30bn with a 50% YoY jump in profit. SAMTEL’s revenue will reach Bt15bn and SIM’s revenue target is Bt11bn. (Khao Hoon, 24/01/13)

Comment: Yes we know this a politically related company, but it has all the right tools and projects to perform very well

SMT -Expects 2013 revenue of Bt12bn — SMT targets revenue of Bt12bn in 2013 and expects gross margin in the range of 4% due to its new machinery that will provide more advanced technology and thus higher performance and productivity. The company is also following a new strategy for this year. (Khao Hoon, 24/01/13)

Comment: Grew with blackberry’s all he way up to 2010 and then was hurt badly by their decline as well as the floods. Good management though, I wouldn’t be surprised to see him come back.

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