ARROW continues to grow in high season 4Q13 — ARROW says that clients are making many orders. It expects 2013 revenue growth of 13-15% YoY, below its earlier target at 20% YoY and is also building a new factory. (Khao Hoon, 12/12/13)
8% YoY growth in passengers this year — BTS expects passenger growth of 8% YoY in 2013 to an average 700,000 persons per day, with revenue growth of 12% YoY because of the increase in ticket prices. It does not expect political unrest to impact its operations. It is ready to sign an MoU with the MRTA, SRT and BMCL to develop a joint ticket system. (Khao Hoon, 12/12/13)
Comment: Such a wonderful monopoly here.
ECF Raising capacity — ECF is budgeting 2014 capital expenditure of Bt100mn, up from Bt60mn. This will be used to expand capacity to supports new orders from a potential overseas client. It expects 2014 revenue growth of 15% YoY. (Khao Hoon, 12/12/13)
KBANK SME growth of 9-11% expected — KBANK is aiming at SME credit growth of 9-11% YoY and to control NPLs at 2.55%. It said 4Q13 loan growth will be slow but this will not impact overall profit. It said that 2013 SME growth will be higher than target. (Khao Hoon, 12/12/13)
KTB Reaches agreement with Saha Farms — KTB has reached an agreement with Saha Farms and is ready to inject liquidity of Bt2.7bn. The original Saha Farms loans are already fully provisioned. (Khao Hoon, 12/12/13)
Comment: Hmmm could this hurt the chicken industry again? More supply coming online.
LPN Bt24.5bn in presales this year — LPN said presales will surpass Bt24.5bn in 2013. It is maintaining its 2013 revenue target at Bt15bn and will transfer projects worth Bt4bn in 4Q13. It expects revenue growth of 10% YoY in 2014 with 10-12 new projects worth Bt20bn. (Khao Hoon, 12/12/13)
Comment: One of the better players in the property market.
TTA Climate much better — TTA said it will recover and post a profit in 2014 thanks to the brighter industry outlook with a higher shipping rate. It expects average shipping rate in 2014 to be above breakeven. It is also preparing money to purchase new ships and businesses. (Khao Hoon, 12/12/13)
Comment: Management is rubbish, costs are way too high, another RO, whats next?