ABC

ABC launches online shopping tomorrow. It is partnering with credit card companies to allow customers to exchange their credit card points for its online products and services through its website for items such as concert tickets and cell phones. (Kao Hoon, 15/09/14)
Comment: still doesn’t explain the current valuation of ABC, I do like the idea of credit points being able to be exchanged though.

AP

AP confident in a good 2H14 with more than Bt20bn in backlog expected to be booked. It also plans to launch eight new projects worth more than Bt7bn in 2H14. It reconfirms its presales and revenue targets this year. It expects 3Q14 presales of Bt6bn supported by the launch of three new projects. (Kao Hoon, 15/09/14)
Comment: a short post coming up Re their stock dividend.

BEC

BEC in talks to find solutions – Bangkok Entertainment Co (BEC), which operates Channel 3 analog programs, has submitted two options for the National Broadcasting and Telecommunications Commission (NBTC) to consider in its proposal to air analog content on a digital TV channel. (The Nation, 15/09/14)
Comment: I still look at this as the NBTC strong arming BEC to shift to digital

BJC

Signs of business recovery — President Aswin Techajareonvikul sees signs of business recovery and expects revenue growth of more than 10% YoY. The company will open up for E-commerce to expand its client base. (Thun Hoon, 15/09/14)

CM

CM setting up a subsidiary in Myanmar — It is negotiating to lease the land for a new factory focusing on exports. It plans to allow a local partnership to hold 10% of the Bt300mn capital. The company’s D/E is at 0.1x. It expects 2015 to be a good year. (Thun Hoon, 15/09/14)

DTAC

Paysbuy revenue to double industry average — Paysbuy, the online payment arm of Total Access Communication (DTAC), expects this year’s revenue to grow at more than double the industry’s average rate thanks to rising smartphone and high-speed broadband demand boosting the local online shopping market. “We expect our revenue to grow by 30% to Bt100mn this year, with a net profit of Bt30mn,” said Somwang Luangphaiboonsri, general manager of Paysbuy. (Bangkok Post, 15/09/14)
Comment: A small overall impact on their earnings bit it’s still an impressive business that taps into the growing e-commerce market

FORTH

FORTH expects 2H14 revenue to top be more than 1H14 of Bt1.7bn as it has large backlog and top-up mobile phone business continues expanding. The company also expects revenue of Bt6bn in 2014 as it is catching up expanding telecommunication market. It is ready to bid additional public project and will list subsidiary FSMART in 4Q14. (Thun Hoon, 15/09/14)
Comment: The main thing retail punters will look at is the IPO of its subsidiary which is performing very well in Thailand, but so so in the Philippines.

JMT

JMT expects growth QoQ in 3Q14 from 2Q14 revenue of Bt114mn as its bad debt collection business has grown sharply. The company expects net profit growth of 50% YoY from 2013’s Bt75mn as it continues to increase its portfolio to Bt43-50bn at the end of 2014. (Thun Hoon, 15/09/14)
Comment: A company that should continue to benefit regardless of any supposed economic “recovery ”

MAX

Expects to complete capital call this month — MAX is confident that capital raising via private placement of 18bn shares worth Bt900mn will be completed in September 2014. CEO Chamni Janchai said that the company will use the funds to acquire renewable energy and property development business to support net profit growth in 2015. It expects to be in the black in 4Q14 and is evaluating elimination of the accumulate loss of Bt300mn. (Thun Hoon, 15/09/14)

PF

PF says 2H14 will be strong, driven by extra revenue from the sale of three land plots worth Bt3bn and also the sale of KLAND shares. It expects profit this year to exceed Bt1bn. (Kao Hoon, 15/09/14)

RATCH/CHOW

RATCH, CHOW partner to invest in solar farms in Japan. They will start constructing two projects with a total of 33MW capacity and expect both projects to start selling electricity in 2016. (Kao Hoon, 15/09/14)

RWI

RWI reports all 150mn IPO shares reserved. Shares will start trading on Sep 18. It said its business outlook is good as it follows the construction industry and a strong management team that it believes will continue to bringing profit. (Kao Hoon, 15/09/14)

SMART

Good response to roadshow — SMART reports that the atmosphere at its road show covering 11 provinces has been good, with more investors attending the event than its target of 1,500. It will start pre-booking Sep 17-20, with the IPO Sept 22-24 and first day of trade on mai on Oct 2. It is confident that its shares will bring high returns. (Kao Hoon, 15/09/14)

SVOA

SVOA closely following the “Smart Classroom” program after the Ministry of Education said it hopes to distribute software instead of smart tablets. The company expects bidding for the project to start this year and expects project value in the billions. It is confident that 2015 revenue will grow 10% again benefitting from state projects that have started showing signs of progressing. (Thun Hoon, 15/09/14)

TGPRO

TGPRO expects business to trend up and says foreign investors are interested in the company. Management expects sales growth of 30% YoY due to overwhelming demand. It will launch a new product, premium furniture-grade pipe, to expand margin above 15.73%. It expects net profit to peak in 4Q14 and then grow sharply in 2015 due to orders from big clients and the government. (Thun Hoon, 15/09/14)