ABC
ABC expects shareholder approval to increase capital and list ABC-W2. The company hopes to use the capital to expand its property business. It has land of over 4,000 rai in Hua Hin. It is ready to push M-Commerce business to be its main source of revenue in the future. (ThunHoon, 23/04/15)
Comment: So this IT company that had big plans to be a massive ecommerce platform has now decided it shall go into property in as well, I can see the synergies here, selling property via ecommerce! C’mon people you gotta believe!

BAY
BAY sets up shop in Yangon, Myanmar in order to support clients in large and SME business via a joint venture with BTMU. (Khao Hoon, 23/04/15)
Comment: With the Japanese running the shop now, I am not surprised to see this expansion into Myanmar

CHO
Joins e-bidding to provide 489 NGV buses for BMTA. Its bid is the lowest, but the BMTA is unable to make a final decision because it needs to first negotiate the maintenance fees with bidders.(Khao Hoon, 23/04/2015)

CK
CK signs contract for project at Mae Fah Luang University to build a medical center with public utilities worth Bt1.477bn. The construction period is estimated at 990 days. (Khao Hoon, 23/04/15)

DCC
1Q15 earnings grew 8% to Bt383mn. Management voted to pay a stock dividend at a ratio of 5 ordinary shares for 3 dividend shares plus a cash dividend of Bt0.03408 per share. XD is April 29. (Khao Hoon, 23/04/15)
Comment: DCC does benefit tremendously if oil prices stay low, margin expansion is ~30%

EA
Profit expected to jump to Bt3bn this year, with profit in 1Q15 at about Bt650mn. The startup of the power plant will contribute revenue of Bt2bn annually. This will raise income to Bt10bn this year. Management said it is ready to invest in the remaining five wind power projects with 260MW capacity. (Khao Hoon, 23/04/15)

EFORL
Revenue to climb to Bt4bn from income from Wuttisak Clinic. The stockholders approved a dividend of Bt0.01 per share (Bt92mn in total). EFORL will be XD on April 27A. (Khao Hoon, 23/04/15)
Comment: The story for EFORL is that Wuttisak was a few years ago taken over by a PE firm and then earnings and cash flow collapsed, with the backdoor listing the PE firm has exited and now the original owners and management are back in to fix things.

EGCO
EGCO interested in JV with EGATI for 1200 MW power plant in Vietnam. They plan to build a 500 MW coal-fired plant in the Philippines. It expects to get a permit within 1-2 months. However, it has cancelled the M&A deal for a coal-fired plant in India because of low return. (Thun Hoon, 23/04/15)

EPCO
This year profit and revenue are expected to rise 25% and 15% respectively. The solar power plant in Japan is progressing. Subsidiary Boh Ploy plans to list and will invest in a power plant in order to reach at least 100MW capacity. EPCO will be XD on April 27 for DPS of Bt0.18. (Khao Hoon, 23/04/15)

ERW
ERW expects a fresh start in first half of 2015. The recovery of tourism will bring in more guests. It is confident that it will turn around into a profit last year’s loss of around Bt111mn. It plans to invest Bt1.8bn to build four new hotels. (Thun Hoon, 23/04/15)
Comment: Still the purest hotel play in Thailand.

ICHI
Ichitan turns on the juice with relaunch of Bireley’s – President and chief executive Tan Passakornnatee yesterday officially reintroduced Bireley’s to the Thai market, after acquiring the trademark rights to the Bireley’s brand for 240 million baht last year. The company will spend 200 million baht to promote the drink in the remaining eight months of the year. Mr Tan expects sales of Bireley’s to reach 600 million baht this year and rise to 1 billion in 2016. (Bangkok Post, 23/4/15)The firm wants to be in the top 5 in the beverage market in Thailand. It expects revenue to reach Bt7.5bn this year. (Khao Hoon, 23/04/15)

KTC
KTC announced 1Q15 earnings of Bt574.29mn with 61% growth from 1Q14. NPLs dropped to Bt1.12bn. (Khao Hoon, 23/04/15)
Comment: And this company continues to post fantastic numbers

MCOT
1Q15 may miss target, but management maintains its revenue target this year at Bt4.5bn. Investment budget for Channel 9 (HD) and Channel 9 (Family) are Bt300-500mn and Bt150mn respectively. On April 27 the firm will meet with the government about giving up bandwidth to be auctioned for 4G. (Khao Hoon, 23/04/15)
Comment: MCOT has a big problem, no content, they can’t just push drama shows all day long like Workpoint b/c their channels are supposed to be edutertainment, definitely they are the biggest loser in this digital TV game.

MTLS
Stockholders approve DPS of Bt0.13. Management believes that loans will grow more than 30% as expected due to branch expansion of up to 300 branches. Because of the low debt to equity ratio at 0.7x, the firm can extend loans of over Bt16bn. (Khao Hoon, 23/04/15)

PYLON
PYLON studying expanding abroad. It got a job worth more than Bt100mn and will book revenue from it in 2Q15. The company is ready to move from mai to the SET. (Thun Hoon, 23/04/15)

SAWAD
The firm set the credit limit for nano-finance at Bt500mn. The nano finance project is effective today through its 1,200 branches. Interest rate for borrowing through this campaign is 36%. (Khao Hoon, 23/04/15)

SCP
SCP sets revenue target growth at 15-20% in 2015 supported by government investment. The company has factories in many provinces that gives is a competitive advantage to get a job. It has strong capital base and low D/E at 0.25x. It plans to invest to increase capacity. (Thun Hoon, 23/04/15)
Comment: Arguably SCP should be a huge beneficiary with all this infrastructure spending

SIAM
SIAM plans to take over more waste power plants after getting a PPA for more than 100 MW. The company expects 3Q15 will show a profit supported by furniture and ready-made building orders. It also has orders to make waterproof walls and bulletproof vests for the government. Moreover, it plans to buy more SSSC stock. (Thun Hoon, 23/04/15)