ADVANC announced the dividend payment in 2H15 Bt5.96/share, raising the full year dividend to Bt12/share. This year, it targets revenue growth of 3-4%. It has budget of Bt40bn to expand 3G, fiber optic and broadband. (Kao hoon, 6/2/15)
CRANE will propose board to pay dividend more than 50% within 1Q15, following from the superb 2014 earnings. In 2015, it expects the business to grow 20% from the boom of construction. It is studying on the listing of its four associates to raise fund from SET. (Thun Hoon, 6/2/15)
EGCO invested Bt1.2bn for acquiring an additional 33.33% of the common shares in Natural Energy Development Co (NED) with the capacity of 63 megawatts. It will recognize additional revenue contribution from the increase of its stake for the investment immediately. (Kao hoon, 6/2/15)
Digital TV to decide GRAMMY’s result – The company expects its 2015 performance to be based on its digital TV business. It sets the investment in content about Bt1bn for digital TV channel. (Kao Hoon, 6/2/15)
Comment: Similar to RS and WORK, grammy is betting the bank on digital TV working, but they have had capital issues hence the new partner in it’s digital operations
CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14)
Comment: CPF is continuing on their mission to be the kitchen to the world, shame about the child labour though.
GEL: revenue growth of 30% from new buyers. The management is confident that due to NCPO policies 3Q14 should see more construction thus additional demand for its products. (Kao Hoon, 23/07/14)
Comment: Another construction materials company that could benefit if the infrastructure plans go ahead.
GMM Grammy, CTH plan share swap to keep lid on pay TV business loss – GMM Grammy will make a share swap with CTH via its wholly owned subsidiary Z Trading in a Bt1bn transaction as Grammy tries to focus solely on digital television and exit pay TV, while CTH strives to expand its viewership and content. (The Nation, 23/07/14)
Comment: Will post thoughts on this later today.
Need ideas for investments? Look no further than these names here, I’ve looked at MACO and QLT in the past and found them to both be well run companies but for liquidity reasons neither were investable unfortunately. SST well…leveraging up ones balance sheet to buy Au Bon Pain and Dunkin Donuts…not sure. As for WORK, well stock price has been riding this satellite industry trend and LANNA and UPOIC are both commodity plays. But regardless, great to see these smaller names make the Forbes list!
Four of the six firms are on the mainboard, consisting of Lanna Resources pcl (LANNA), Sub Sri Thai pcl (SST), United Palm Oil Industry pcl (UPOIC), and Workpoint Entertainment pcl (WORK), with the other two companies, Master Ad pcl (MACO) and Qualitech pcl (QLT), being listed on the Market for Alternative Investment (mai), Chanitr Charnchainarong, SET Executive Vice President and mai President, said
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