FSMART expects revenue in 2Q15 will be robust, supported by the addition of top-up machines to bring its total to 50,000. It will also book revenue from selling advertising. It is confident that total revenue in 2015 will grow 40% from Bt1.16mn in 2014. (Kao Hoon, 2/6/15)
Comment: Still an amazing cash flow generating machine business
INET expects 36% profit growth in 2015 to Bt600-700mn. It will focus on the cloud business supported by more demand. It targets to increase cloud business activities to 30-40% of its portfolio. In 1Q15 it reported a margin of 26.79%, up from 2014’s 22.17%. It plans to budget for system development. (Tun Hoon, 2/6/15)
Comment: Not the first company to say they are expanding into the cloud business, it all depends if they will use a system like Amazon and just resell or their own, if their own then margins could be rubbish, if reselling far better, asset light and depending upon how well they sell, amazing margins.
MCS gaining from weak baht. It is confident that 2015 revenue will reach 10,000 million yen, supported by its backlog of 150,000 tons. (Tun Hoon, 2/6/15)
Comment: It’s always been a great company, but I’m not 100% convinced that its cheap at these levels
Japan’s Marubeni negotiating to buy 46.98% of ML for no less than Bt2.2/share. It plans to use the company as a base to lend to Japanese clients. (Kao Hoon, 2/6/15)
AMATA expects to set up REIT worth Bt4.5bn in 1Q15 and will list AMATAV on the stock market in 2Q14. The company plans to invest Bt3-4bn in Vietnam and Myanmar in 2015 and expects to sell 500 rai in 4Q14, giving total land sales of 1,000 rai in 2014. (Kao Hoon, 21/11/14)
Comment: A REIT and an IPO, 2015 will finally be an active year for AMATA.
AOT preparing to raise Bt93bn for development of three airports. The board reports that the company has three choices: loans from financial institution, corporate bonds, and infrastructure fund. It expects to make the final decision in January 2015. (Kao Hoon, 21/11/14)
BJCHI expects revenue growth of 15% YoY in 2014. It reports growth so far in 4Q14 and will deliver projects worth Bt4bn. (Kao Hoon, 21/11/14)
Comment: If i’m not mistaken – its trading at a dividend yield of 6-7% at these levels.