ITD/CK/STEC/UNIQ

Bidding in e-auction for SRT work — The four lead contractors, ITD, CK, STEC and UNIQ, will move ahead to bid in the e-auction for the dual track railway line Chachoengsao-Klongsipgao after the SRT confirmed that the Tipakorn and China Harbor partnership is legal. The price is expected to be set June 23. (Khao Hoon, 18/06/14)

BJCHI/EARTH

BJCHI, EARTH to be calculated in the SET 100 starting July 1. This will help increase foreign and institutional investor interest. Both companies expect growth to continue through to 2015. (Khao Hoon, 18/06/14)

Comment: It’s true, being added to the SET100 implies that the market cap and daily volumes are large now for local institutional investors and if both companies can continue to grow the SET50 is the next step.

AOT

New chairman — The board of AOT has voted in ACM Araya Ngampramuan as chairman of the board to replace of Sqn Ldr. Sitha and also appointed several new directors. (Khao Hoon, 18/06/14)

BBL

BBL maintains loan growth of 4-5% in 2014, consistent with GDP growth of 2-3%. (Khao Hoon, 18/06/14)

Comment: Good ol’ BBL, you can always rely upon them to grow just above GDP growth

CK

CK upbeat on new projects after 2014 dry spell —SET-listed Ch. Karnchang Plc (CK), Thailand’s largest contractor by market value, is optimistic there will be construction projects launched to drive its revenue this year after the recent dearth. Prasert Marittanaporn, senior vice-president for administration, estimates up to Bt150bn worth of new infrastructure projects will be launched later this year. (Bangkok Post, 18/06/14)

CPF

CPF vows to not buy from suspect fish meal suppliers — CPF says that it is aware of slave labor and condemns human trafficking. It vows it will not buy fish meal from suspected suppliers and will do all it can to support government efforts to eliminate human trafficking. (Khao Hoon, 18/06/14)

Comment: Well, they deny its them, even though there’s a video of a CP man with the company t-shirt right there..anyways, does it really impact earnings? Nope.

PF

PF says the issue of 4,776mn shares to swap with TPROP-GRAND shares will give dilution of 22% and Chainid group will hold 10%. It projects revenue of Bt22bn and an increase in gross margin of 10%. It plans to set up an REIT every year. (Khao Hoon, 18/06/14)

Comment: Post to come on this shortly 🙂