DELTA expects revenue growth of 10-15% YoY in 2015 upon growing demand and expanding foreign client base from expected 2014 revenue of Bt42bn. The company will conclude an acquisition deal for a European company soon. (Thun Hoon, 15/12/14)
Comment: One of the best performing electronic names in the past few years.
EUREKA expects a turnaround next year, with next year’s revenue to reach Bt800mn, double this year’s expected revenue of Bt320mn. The growth in revenue will be supported by two of its subsidiaries, Eureka Automation and Eureka Trading, which are expected to grow revenue and pull it back into the black. (Kao Hoon, 15/12/14)
FORTH says 4Q14 earnings will be better than 3Q14 after receiving the purchase order for SAP licenses from Metropolitan Electricity Authority (MEA) worth more than Bt221mn. It expects to record this revenue right away. Net profit for this year is therefore expected to be higher than last year’s. Moreover, it said it expects to receive Bt2-3bn worth of new projects in 2015. (Kao Hoon, 15/12/14)
HMPRO has invested Bt430mn into marketing and adding new stores. Its 71st branch will be in Phuket on 20 rai. The company targets revenue of Bt45mn/month. It is also spending Bt2.5mn to build toilets in three provincial schools. (Thun Hoon, 15/12/14)
LH Bank on mortgage alert – Land and Houses Bank (LH Bank) expects its mortgage loans outstanding to shrink by Bt1.5bn this year as ballooning household debt and the sluggish economy have compelled the bank to tighten its housing loan approval criteria. (Bangkok Post, 15/12/14)
Comment: A negative outlook for the property market from LH?
Shareholder blames SET in Noble dispute – A tussle between Noble Development’s (NOBLE) major shareholder and ABN Amro Nominee Singapore could flare up again after the latter’s lawyer blamed the Stock Exchange of Thailand (SET) for negligence of duty in forcing the company to disclose information about the revocation of a recapitalization plan. (Bangkok Post, 15/12/14)
PDG expects revenue growth of 10% next year supported by recovery in orders on the back of a stronger economy. It admits that revenue this year will miss its earlier target due to the prolonged political unrest this year. (Kao Hoon, 15/12/14)
PTT expects deal to sell BCP should be concluded by 1Q15. It has signed an agreement with the buyer. It is planning to send the board its five-year investment budget of Bt1trn this month. (Kao Hoon, 15/12/14)
PTTEP says financial base is strong with cash of US$3bn. It is standing by to buy cheap assets. The company expects the declining oil price to have negative impact on earnings in 4Q14 and estimates oil price at US$60/bbl. (Kao Hoon, 15/12/14)
QH confident revenue this year will exceed target of Bt19.4bn backed by transfers of low rise and condo projects. Next year’s profit is expected to be supported by its backlog of Bt5.5bn. It also plans to launch 30 new projects worth Bt40bn. (Kao Hoon, 15/12/14)
Comment: Analysts say that on a Price/Growth ratio QH looks attractive, I haven’t done the numbers myself but they do have a lot of projects that will be recognising profit next year.
Srithai plans expansion in Asian market – Srithai Superware Plc, the world’s leader for melamine and plastic package and container products, will spend Bt850mn to beef up its operations in Asia to exploit regional economic growth. (Bangkok Post, 15/12/14)
STPI expects good 4Q14 and is confident that 2014 revenue will exceed Bt10bn. The company has backlog of Bt12bn that will be booked through 2016. The company is waiting for the results of bids for 3-4 projects worth Bt1-1.5bn/project and expects to conclude one of these in early 2015. (Thun Hoon, 15/12/14)
Comment: We are wondering aloud how will the drop in oil prices affect the LNPG Industry that STPI has profited so well from in the past few years
TPCH sets IPO price at Bt12.75/share. It will sell 89 million shares and be listed on the mai by January 8, 2015. Proceeds raised will be used to expand its electricity power plant business. (Kao Hoon, 15/12/14)
Comment: Looks like the usual small name = big first day bounce