Ch. Karnchang maintains revenue target – Ch. Karnchang Plc (CK), Thailand’s second-largest construction firm, expects to maintain its revenue target of Bt30bn this year despite delays facing the government’s megaprojects. Its current backlog of more than Bt100bn will help it meet the target, said senior executive vice-president Prasert Marittanaporn.(Bangkok Post, 30/10/14)

DELTA expects revenue growth of 3-5%, lower than normal, as it is improving its production line. The company will invest US$30-50mn in 2015 to support business growth. (Kao Hoon, 30/10/14)

Loxley enters set-top stakes – Loxley Plc is the latest player to jump on the set-top box bandwagon in hopes of grabbing a share of the Bt15bn market. The trading and technology company, in collaboration with GMM Z Plc, the satellite TV arm of GMM Grammy, yesterday launched its first digital set-top box, GMMZ Zeason by Loxley, for Bt999 including a TV antenna.(Bangkok Post, 30/10/14)
Comment: Another firm jumping on the bandwagon of the set top box.


JAS ready to sell infrastructure fund (IFF) worth Bt32bn in early November after the lawsuit is over. The IFF will provide interest rate of 7-8% for investors and many institutional investors have shown interest in the fund. (Kao Hoon, 30/10/14)
Comment: Friends say that an international IB firm have been employed by JAS for the IFF, but they still have yet to receive approval from the SEC, its also funny that at the last EGM they took out half the assets but kept the fund @ the same value.

KBANK to miss property loan target of Bt49bn. It expects to reach Bt47bn, +6-7% YoY. The company expects a recovery in the economy to boost the property loan business. (Thun Hoon, 30/10/14)

PF to book extra income from selling KLAND shares to GOLD worth Bt720mn in 4Q14. The company expects revenue of Bt12bn in 2014. It will launch nine projects to boost presales to reach its target of Bt13.8bn in 2014. (Kao Hoon, 30/10/14)
Property Perfect looks west – SET-listed property developer Property Perfect Plc (PF) plans Bt23.4bn worth of new residential projects in the western part of Greater Bangkok. The developments will benefit from the government’s new transport networks and private-sector retail projects worth Bt237bn planned for the area.(Bangkok Post, 30/10/14)
Comment: If you sit down and go through their numbers, PF doesn’t have the capacity to finish all of their projects on hand, hence their continued selling of assets.

SOLAR negotiating with 50 agricultural cooperatives to set up solar plants, 1-2MW solar power plant per cooperative, expected to be built in December. Management is confident 2015 revenue will be at least Bt3bn. It estimates solar panel production capacity of 200MW in 2015 from 70MW now. (Thun Hoon, 30/10/14)

SUSCO issues 275mn warrants at price of Bt0.1/warrant and will allocate these at a ratio of 4:1 (4 current shares: 1 warrant). The company will use the funds for business expansion. It will hold an extraordinary general meeting on 16 December. (Kao Hoon, 30/10/14)
Comment: Basically free warrants, every retail investor loves this.

TPCH will sell IPO shares in November-December 2014 and list on mai in 2014. The company plans to use the IPO funds to expand its power plant capacity and as working capital. It expects to own 100MW capacity in 2017. (Thun Hoon, 30/10/14)

TSE expected to close above Bt5/share today as investors are interested in its strong fundamental underwritten by its solar power plant business. TSE will use the funds from the IPO to invest in solar power plants in Thailand as well as in Japan and the Philippines. (Kao Hoon, 30/10/14)
Comment: Boom 100% on the first day. Surprised? It’s already pricing in another 300% worth of growth at these levels.

WAT reports 11 have subscribed to 26bn new PP shares at a price of Bt0.036/share. It will use the Bt934mn from the PP for property development, both at home and abroad. Pol.Gen.Somyos Poompunmuang, the Commissioner-General of the Royal Thai Police, and his daughter are on the list of subscribers and will be the largest shareholders after the PP. Wichai Wachirapong, a well-known investor, is also on the list. (Thun Hoon, 30/10/14)
Comment: This sounds like a good way to clean dirty money, if only someone could explain to me how a civil servant was able to earn this much $.

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