AAV

Feeling the pinch — AAV says that the political head is impacting its operations and it will monitor the situation closely. It expects the political situation to ease in 2Q14, after which tourism will recover. It continues to focus on China destinations and Air Asia X to generate revenue. (Tun Hoon, 07/01/14)

Comment: We’ve read that some airlines coming to Thailand have cut the number of flights by 10% or so.

CPALL    Hopes to refinance this month — CPALL hopes to close its new loan agreement worth US$4bn to refinance its MAKRO deal this month. It expects the new loan agreement to lower its debt to only US$1.32bn. (Khao Hoon, 07/01/14)

Comment: Well they will have to!

CSS

CSS targets revenues for 2014 to grow by 20% YoY, to Bt4bn. It expects revenue proportion for its telecom business to increase from 20% in 2013 to 25% in 2014 supported by its domestic and international market expansion. The company has a backlog of Bt400-500mn and aims to bid for new projects worth Bt380mn. (Khao Hoon, 07/01/14) 

KTB        Plans sale of Bt8bn NPAs this year — Krung Thai Bank plans to sell at least Bt8bn worth of non-performing assets this year after succeeding in disposing of NPAs worth Bt9-10bn last year. NPAs sold last year can be divided into 35% vacant land, 30% business operating assets and 25% housing. (The Nation, 07/01/14)

PM

PM continues strong supported by high season in 4Q13. It is ready to expand in AEC. Performance will peak in 4Q13, pushing 2013 net profit to a record high. It may set up joint ventures in AEC in 2014. Exports will benefit from world economic recovery and baht depreciation. Its dividend is expected at Bt0.43 or 6-7% dividend yield. (Tun Hoon, 7/1/14)

Comment: Used to like this company back in the day, don’t think the Indonesia expansion is going as well as they had planned.

SAMART

Into DTTV action with both feet — SAMART-IRCP targets to sell 1.5-2 million TV digital boxes this year and will bid for the contract to set up the broadcast system for Channels 5, 9, 11 and Thai PBS. It expects results to be concluded this January. (Khao Hoon, 07/01/14)

Comment: Great short term benefit for SAMART here

SOLAR

SOLAR targets revenues for 2014 to grow by 30% YoY. It aims to expand its customer base and go further into international markets to the point where revenue from abroad comprise 50% of total revenues. It said orders for solar cell and panels continue to flow in. (Khao Hoon, 07/01/14)