ACD
ACD restructures subsidiary Boost Plus by selecting a new management and business strategy to meet client needs in this digital age. The company will enter event organizing, IT consulting and E-commerce. It is confident that the new businesses will generate revenue in the future and expects revenue of Bt45mn in 2015. (Kao Hoon, 17/10/14)

AOT
Board approves revised plan for Suvarnabhumi expansion plan phase 2 with a budget of Bt61.6bn. Management said the revised plan will help lower costs and the company will not need to borrow, as its financial health is strong with Bt44bn cash on hand. (Kao Hoon, 17/10/14)

BTS/SIRI
Sansiri, BTS to develop property projects – A new joint venture from SET-listed developer Sansiri Plc (SIRI) and BTS Group Holdings Plc, Bangkok’s skytrain operator, plans to develop large-scale residential projects worth more than Bt3bn each, located within 500 metres of mass transit lines. (Bangkok Post, 17/10/14)
Comment: Similar to the statement yesterday, this is great news for BTS, not too bad for SIRI either due to the ability to do more projects without stressing the balance sheet.

FPI
FPI share price up on news of change in par value from Bt1.00 to Bt0.25/share. Management is confident this will help increase liquidity. The company will also set up its first factory abroad in partnership with another company. It plans to expand into Ecuador and South America. It expects strong earnings growth in 4Q14. (Kao Hoon, 17/10/14)
Comment: In thailand stock splits = upside movement; stock splits + a positive story = VERY HIGH upside movement.

FSMART
FSMART, Plan B, and a partner to join in advertising business via 40,000 top-up vending machine nationwide. The company expects this business to account for 3-5% of total revenue in 2015. It continues to expand its online payment business. (Kao Hoon, 17/10/14)
Comment: I can’t wait for this stock price to decline to below IPO in price in a year or so from now because I do genuinely like the business model here.

INOX
Posco sets up steel factory in Rayong — The Thai unit of South Korea’s Posco has broken ground on a continuous galvanising line plant. Posco Coated Steel (Thailand) is setting up the factory to make high-end steel products to satisfy growing demand for automotive steel sheets in Thailand. (Bangkok Post, 17/10/14)

JAS
JAS reports 9M14 net profits of Bt2.385bn, up 6.2% YoY, on revenue of Bt9.17bn, up 10.9% YoY. However, 3Q14 net profit was Bt648mn, down 14.2% YoY due to higher provisions set for the lawsuit of Bt274mn. (Kao Hoon, 17/10/14)
Comment: House of cards, house of cards, house of cards.

MLINK
MLINK expects better earnings in 3Q14 after resolving the inventory system problem. It will book revenue from set-top box sales of Bt350mn and Bt30mn from the gaming business, providing revenue growth of 20% YoY and net profit growth of 10% YoY in 2014. It targets net profit growth of 20% YoY in 2015. (Kao Hoon, 17/10/14)

PF
PF books Bt1.7bn from sale of 17 rai on Sukhumvit in 3Q14 — Then in 4Q14 it will book Bt500mn from sale of another piece of land in the Chaeng Wattana area. Presales in 9M14 were Bt8.8bn and it is well on its way to achieve its target of Bt15bn for the year. (Kao Hoon, 17/10/14)
Comment: All these stories are nothing new, its been priced in long enough, the question then comes, what happens after all this wonderful magical 1x earnings pop?

TASCO
TASCO expects outstanding net profit in 3Q14 after crude oil price declined but asphalt price increased, bringing margin up to more than 17%. The company is confident that 2014 revenue will reach Bt40bn, supported by solid demand for asphalt. (Thun Hoon, 17/10/14)
Comment: I have been waiting for this company to finally report consistent earnings.

THAI
THAI joins with seven companies to help expand corporate client base. It expects this to increase its revenue from this segment by 10% a year. The company admits that it has ignored this market segment in the past despite the fact that corporate travel is year-round. The airline expects this revenue stream to supply regular income. (Kao Hoon, 17/10/14)

VIH
VIH is negotiating with provincial hospitals in hopes of investing in them to broaden its reach into other countries in AEC. To this end, it has acquired 15% in Mae Sot International Hospital. The company expects total beds of 1,000 within two years from 520-600 now. It is adjusting its strategy and will focus on general patients to bring these to 90% of the total from 75% now. It expects margin to be more than 23.6%, with peak earnings in 3Q14 due to high season, and record high earnings in 2014. (Thun Hoon, 17/10/14)