ABC
ABC preparing to negotiate with a partner in Japan. Management also reports that 2-3 local institutional investors want to buy shares due to its interesting fundamentals. The company has set a revenue target of Bt800-900mn in 2015 as its E-commerce business will launch point redemption with budget of Bt50mn to support company’s growth. It is confident that 2015 performance will erase total accumulated loss. (Thun Hoon, 18/12/14)
Comment: Regardless of this new I don’t see the ABC maintaining its valuation today on it’s current business at all, maybe I’m too old fashioned but where’s the earnings and cashflow?

AUCT
AUCT invests Bt20mn to add branch in Nakorn Ratchasima on 15 rai to trade 200-300 cars/day. The company expects a 5-10% higher price than it gets in Bangkok. (Kao Hoon, 18/12/14)
Comment: The price of a car sold doesn’t matter for AUCT, they receive a fee per transaction, thats their business model

CPF
CPF targets revenue growth of 10% YoY in 2015 from expected revenue of Bt430bn in 2014 in line with global economic recovery that supports more consumption. (Kao Hoon, 18/12/14)

GUNKUL
Gunkul takes over Japanese operator – SET-listed Gunkul Engineering Plc is taking a major international step by spending Bt4bn to buy and expand Japanese solar farm operator Sendai Okura Mega Solar Godo Kaisha (GK Sendai). “We’re acquiring this company because several countries still have room for growth in solar energy,” chief executive Sopacha Dhumrongpiyawut said yesterday. (Kao Hoon, 18/12/14)
Comment: They could potentially invest in several new solar plants in Japan. It is a real game changer for the overall outlook of the company

IFEC
IFEC expects sharp revenue growth in 2015 as it will book revenue from sale of electricity from 252MW production from 12MW currently to provide net profit of Bt500-600mn. The company is negotiating with a partner to develop solar power plants with capacity of 200MW overseas. (Kao Hoon, 18/12/14)
Comment: Apparently they are about to book wind energy plants as well. As much as I laughed at IFEC they are somehow getting it all done.

KCM
KCM sold out 200mn IPO shares and will list on mai on 23 December. The company expects to generate return for investors. (Kao Hoon, 18/12/14)

RS
NBTC sets up a committee to study RS’ lawsuit for compensation on the airing of the final round of FIFA World Cup 2014. The authority confirms that compensation will be limited to Bt427mn. (Kao Hoon, 18/12/14)
Comment: The story in RS is digital TV and how its ad rates are going to increase 2-3x next year

SAWAD
Srisawad in talks to buy lenders, distressed assets – SET-listed Srisawad Power 1979 Plc (SAWAD) is keen to acquire other retail lenders and branch out into new business by buying distressed assets worth Bt1bn next year in an attempt to boost growth. The vehicle hire-purchase company is in talks with several lenders, said director Thida Kaewbootta. (Kao Hoon, 18/12/14)

SC
SC approves raising B/E credit line by Bt1bn and is ready to appoint Nuttaphong Kunakornwong as its new CEO. The company expects a good performance in 2015 with revenue growth of 10% YoY upon introducing new seven projects worth Bt14bn. (Thun Hoon, 18/12/14)

SIRI
SIRI confirms revenue of Bt15bn in 2014 and expects revenue of Bt5bn in 4Q14. The company expects presales of Bt8bn, missing its target because of the political unrest in early2014. (Kao Hoon, 18/12/14)

TPCH
TPCH is preparing to list on mai on 8 January 2015 and will offer 89.45mn IPO shares, with subscription period on 23-25 December 2014 for existing TPOLY shareholders and on 24-26 December 2014 for the public. (Kao Hoon, 18/12/14)