CSS to penetrate telecom market in Myanmar to expand its revenue channels. It expects revenues for 2014 to reach Bt4bn supported by Bt700mn from a job for TRUE, plus backlog of Bt800mn. It is waiting to see if it will win a job to set up 1,500 poles for DTAC – results are to be out the end of this month. (Khao Hoon, 27/01/14)
QH targets revenues for 2014 to grow by 5-10% from 2013 with presales of Bt22bn. Revenues for 2013 are expected to hit its target of Bt18bn. QH also plans to open 26 new projects worth Bt21bn. (Khao Hoon, 27/01/14)
Comment: Cautious outlook for this property player, they were boosted by the prop fund sale last year.
DEMCO aims at new projects worth Bt3.5bn to push its backlog up to Bt7bn. It is preparing to bid for a project for EGAT worth Bt1.5bn in February 2014 and expect to gain a portion of the project worth Bt800mn. It is ready to invest in solar roofs and solar farms. (Thun Hoon, 27/1/14)
Comment: Used to be a darling for us back in the day, but we’ve since moved on, valuations aren’t attractive.
Erawan maintains its 2014 revenue growth target of 12-15% YoY from expected 13-15% in 2013. It aims to open 13 new hotels from currently 16 hotels. It is not concerned about the political protest. (Khao Hoon, 27/1/14)
Comment: An asset play more than anything else, if you ever wanted to invest in tourism for Thailand, then this your pick
TKS targets revenue growth of 10% despite the political problems. It said orders from clients have continued to flow in and the printing business this year will still move in a positive direction. (Khao Hoon, 27/01/14)
Comment: A decent company in a dying industry.
TOP posted a loss of Bt113mn in 4Q13 due to increase in refinery costs that hit US$3bnand foreign exchange losses. As a result, net profits for the year dropped to Bt10bn. (Khao Hoon, 27/01/14)