ABC
ABC reports interest in domestic partner. Management is interested in a business partner with potential synergy. The company is studying new business to support revenue and net profit. It will launch an on-line shopping site on 6 October and expects to attract credit card shoppers. (Thun Hoon, 17/09/14)
Comment: Again in the news! I’m still taking a wait n see approach.

ARIP
ARIP assessing digital content business with Bt15-20mn investment cost. The company plans to acquire a business supporting revenue proportion from TV and online, currently at 25% of total. It expects to be in the black in 2014. (Kao
Hoon, 17/09/14)

BECL
BECL expects expressway traffic to grow in 3Q14 as universities have begun a new year and domestic politics is calm. It expects revenue growth of 4-5% YoY backed by the toll increase in September 2013. (Kao Hoon, 17/09/14)
Comment: BECL does have a strong foothold in the expressway systems in Bangkok, but in the end its a dividend play more than anything else.

EFORL
Board approves purchase of Wuttisak — The EFORL board approved the acquisition of Wuttisak for Bt1.5bn and is preparing to send the plan to shareholders for approval on 22 October 2014. The company expects 2015 revenue to reach Bt5bn supported by this deal from an expected Bt1bn in 2014. (Kao Hoon, 17/09/14)
Comment: It hasn’t been the best kept secret in the market, for what I’ve learnt the main reason that Wuttisak isn’t going public directly is because of quite a few consumer law suits against the firm.

GPSC
GPSC bides time with delayed listing – Global Power Synergy Co (GPSC), an electricity arm of national oil firm PTT Plc, remains unsure about when it will pursue a stock listing after delaying the plan twice. President Noppadol Pinsupa said the postponements were largely due to uncertain public policies, especially with regard to licence bidding schedules and development of transmission networks linking Thailand with neighbouring countries. (Bangkok Post, 17/09/14)

JAS
Board approves reducing assets sold to infrastructure fund to Bt5.5-7bn. It will sell only optical fiber cable and cancel the pledge of TTTBB and TTTI shares. It will suggest this plan at an extraordinary shareholders meeting on 27 October. The court is scheduled the date for hearing TTTBB’s witness on 3 October. (Kao Hoon, 17/09/14)
Comment: Let’s see how this works out, there’s still the legal case w/ TTTBB

KBANK
KBank eyes non-life goal of Bt5bn – Kasikornbank (KBank) has set a target for its non-life insurance premiums from bancassurance to reach Bt5bn in the next three years, which would make it the market leader. (Bangkok Post, 17/09/14)

PCA
PCA profit supported by digital TV coupon. It expects sales volume of more than 100,000 boxes in 2014 and expects set-top box revenue of Bt100mn. It targets total revenue growth of 15-20% in 2014. (Kao Hoon, 17/09/14)

PTTEP
PTTEP announces 5-year investment plan in Myanmar. The company expects to spend US$3.3bn in expansion over 2014-2018 and will set up a special celebration to celebrate its 25 years in Myanmar. (Kao Hoon, 17/09/14)

RATCH
Ratch enters gas plant co-venture – Ratchaburi Electricity Generating Holding Plc (RATCH) and Rajburi Sugar Co (Rajburi Sugar) have entered a joint venture to co-invest Bt4.7bn on a 100MW co-generation gas-fired power plant. (Bangkok Post, 17/09/14)

TWZ
TWZ will pay interim dividend of 0.00636/share on 13 October on 6M14 revenue of Bt1.9bn and net profit growth of 211% YoY. Major shareholder Wichai Thongtang is ready to inject funds to support the company’s capital raising next week as he is confident in potential growth and wants to invest for the long term. (Thun Hoon, 17/09/14)

UV
UV expects 2014 revenue of Bt9.2, +51% YoY. It aims to purchase additional land for new vertical and horizontal expansion projects. (Kao Hoon, 17/09/14)

Comment: Here the main thing is still its assets on hand.