BTS too book ~Bt1.5bn revenue from NPARK if NPARK sells the 20 rai of land at Onnut with market value of Bt3.2-4.0bn to an international school. It hopes to book the gain in 2Q15. (Khao Hoon, 17/2/15)

EA to start commercial operations of its 90MW-solar farm in Lampang today. This new solar farm is expected to boost its profit to exceed Bt600mn in 1Q15 and bring solar power capacity up to 188MW. (Khao Hoon, 17/2/15)
Comment: Again the driver here is whether or not it can acquire shares in WEH from the departing parties.

EASTW expects sales volume to remain strong in 1Q15. The company plans to control financing cost and boost operating margin for 2015. It will be focusing on overseas investment. It targets sales revenue of 5-6%. (Thun Hoon, 17/2/15)

EPG expects FY2015 performance to improve driven by three key businesses: insulation rubber, packaging and auto accessories, backed by an upturn in these businesses and lower feedstock cost. The company plans to invest Bt150mn into new machines and equipment. 3QFY15 profit increased strongly by 27% YoY to Bt147mn. (Khao Hoon, 17/2/15)

GL is keeping an eye for CLMV market, notably Cambodia, which is expected to contribute more earnings than the Thai market within the next three years after it invested in 153 branches nationwide. (Thun Hoon, 17/2/15)
Comment: GL has a monopoly in Cambodia for the Honda motorcycle leasing (90% of the market there), used to love the stock back in 2011, been in/out over the past 2 years and now fully gone since .. yesterday. Just can’t accept these valuations.

HFT targets revenue growth of 10-15%, thanks to the recovery of the motorcycle market. It will expand its market into ASEAN and look for opportunities to open new markets in Europe. It aims to use DURO as a brand for the international market. (Thun Hoon, 17/2/15)

ICHI targets revenue of Bt7.5bn this year. It plans to export its product to Vietnam and Myanmar this summer. Moreover, it plans to cooperate with strong regional and global partners in order to expand to Indonesia. It is increasing production capacity to 1,200mn bottles and 200mn UHT packs. (Thun Hoon, 17/2/15)
Comment: Its so-called indonesia expansion that had everyone hopping on board the stock price has simmered somewhat.

JAS expects revenue growth of 20-25% in 2015. In 1Q15, the firm will book extra gain from injecting assets into its infrastructure fund, JASIF. It has set capex at Bt6-7bn in 2015 to invest in its broadband network to cover 77 provinces and expects 2mn subscribers in 2015. (Thun Hoon, 17/2/15)
Comment: Well they launched their fund, and now retail investors are wondering if there will be a huge dividend to be paid out.

LIT plans to increase the portion of corporate loans to 30% after SME growth is set to be better than last year. It targets revenue and profit growth at no less than 30% in 2015. (Thun Hoon, 17/2/15)

MLINK share price fell 4.6% after its 597mn new capital increase shares began trading. An executive said that no major shareholders sold and it has talked with those taking the private placement shares, but they are investing for the long term. The fall in share price may reflect sales by other existing shareholders. (Krungthep Turakij, 17/2/15)

Board approves the DPS of Bt0.08, XD on 8 April 2015. In 2015, it targets revenue growth of 15%, with the focus on the exports and OEM markets together with the increase of capacity. (Khao Hoon, 17/2/15)

PLANB will trade today. Management expects revenue to grow 20-25% from last year’s Bt1.8bn, thanks to an increase in ad rate of 3% on average and the recognition of revenue from new media. (Khao Hoon, 17/2/15)
Comment: BOOM, VGI Part Deux has IPO’ed, up 150% at the open

PPS expects backlog to reach Bt400mn, backed by government mega projects and private sector investment. It will focus on the domestic and AEC markets. (Khao Hoon, 17/2/15)

Court throws out petition — The Supreme Administrative Court (SAC) threw out the petition against PTT regarding spinning off its pipeline business as the case has been ruled on by the Administrative Court. The SAC also disqualified the document of the Office of the Auditor General about PTT’s pipeline handover to the government and ordered it to take this petition out of the legal directory. (Khao Hoon, 17/2/15)

PTTGC reports 2014 net profit of Bt15bn, down 55% YoY due mainly to the huge stock loss of Bt15.9bn as oil price plunged during the last quarter of last year. (Khao Hoon, 17/02/15)

QH expects average selling price in the Sukhumvit area to increase by 20% per year. It plans to launch Q Sukhumvit, a luxury condo at Nana, for high-end customers in March. (Krungthep Turakij, 17/2/15)

RCL is ready for turnaround after improvement in earnings for three years. It will benefit from the increase in container index and the dip in oil price, cutting its operating cost. Its 2015 earnings will grow by 60%. It is studying adding a new route and focusing more on cost management. (Thun Hoon, 17/2/15)

SGP will benefit from strong demand after the increase in LPG price. In 2015, it targets sales volume of 3mn tons. Earnings are expected to turn to a profit after global price passes bottom. It will open five new gas stations to the existing 40 stations. (Thun Hoon, 17/2/15)
Comment: The issue here is around its margins, incredibly volatile, and who knows if they are still trying to trade it.

SINGER targets revenue growth of 10-15% this year and expects net profit growth of 10%. It plans to increase leasing customers to 180,000 accounts from 176,000 accounts, focusing on commercial customers to raise the portion of this group to 70%. It expects purchasing power to recover in 2Q15. (Thun Hoon, 17/2/15)
Comment: The stock price has come off some 30% from its highs in 2013, which were more than warranted given it was trading @ some 30x PE. I’ve always like SINGER’s business and its management due to the wonderful turnaround that it executed in 2009/2010, the stock, to me, is more value based versus growth and I still wouldn’t be surprised to see it fall further.

Ministry of Industry grants concession for potash mine for ASEAN Potash Mining Pcl. This company plans to list on the SET to raise funds. TRC expects to get the construction work since its holds 4.4% in this company. (Khao Hoon, 17/2/15)
Comment: Not the best kept secret in the market, it’s been essentially confirmed by management since 2 weeks ago.

TVD targets its 2015 revenue to reach Bt2.9-3.0bn, concentrating on local distribution channels and online. It will propose a dividend to the board on 25-26 Feb. (Khao Hoon, 17/2/15)
Comment: This industry is still performingly amazing well with consistent growth, I thought that the Internet would’ve removed any interest in buying Direct from TV, oh how I’ve been proven wrong.

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