ADVANC

ADVANC expects revenues this year to grow by 6-8%. It plans to invest Bt40bn to expand its 3G network and bid for the 1800 MHz license in August. (Khao Hoon, 15/05/14)

AI

AI expects 2Q14 to continue growing strongly, supported by continual growth in revenue sharing from AIE. It targets biodiesel production to increase to 900k liters/day and will use one of its subsidiaries to bid for construction of a power plant project worth Bt2bn. Revenue in 2014 is expected to hit Bt6.8bn. (Tun Hoon, 15/05/14)

Comment: This firm has somehow continue to grow and grow and grow over the past 5 years, something to keep an eye on perhaps.

BLA

BLA reports insurance premium of more than Bt26.9bn in 1Q14, making it the leader in life insurance business. Net profit rose to Bt1.09bn, up 18.9% YoY. (Khao Hoon, 15/05/14)

Comment: The life insurance business in Thailand is still booming and booming, all firms will continue to have many years to run.

GUNKUL

GUNKUL sets up subsidiary Gunkul LED Lighting Co to produced LED lamps. In 1Q14, it reported Bt206mn in net profit supported by revenue of Bt1.14bn. It expects at least 50% revenue growth this year. (Khao Hoon, 15/05/14)

Comment: Great revenue growth, O..K.. profit growth, main thing would be the value in the upcoming projects that they could invest in.

IVL

IVL said it will invest US4450mn on a takeover deal. It also confirms that revenue and profit will grow strongly every quarter, pushing revenue into 17% YoY growth on benefits from its foreign business expansions. (Tun Hoon, 15/05/14)

Comment: I still think indian run thai listed companies are great performers over the long term, cost management is the best.

PS

PS expects presales of more than Bt45bn with revenue target of Bt42bn; it will book Bt18.9bn of its backlog this year. It also plans to launch 22 new projects worth Bt18bn in 2Q14 and aims to launch a new condo in Indonesia worth Bt1bn within this year. (Khao Hoon, 15/05/14)

SAMART

SAMART expects 2Q14 revenue to grow 10-20% QoQ after its handset distribution arm, SIM, sold more than 1 million handsets. SAMTEL is waiting to sign a contract worth Bt1bn and plans to bid for Bt7bn worth of new projects to help support its set-top box business. (Khao Hoon, 15/05/14)

Comment: With OTO listed, we think the trade is now done for SAMART, it’s fairish but with SIM having decreasing sales growth and SAMTEL not having any new projects just yet things may not be rosy forever.

THCOM

THCOM expects revenue growth of 10% YoY in 2014. It will book revenues from Thaicom-6 and to Thaicom-7 in mid-year. Currently, the company has received more than 40% in advance bookings. It will invest US$178.5mn to build Thaicom 8. Details on the design are expected to be concluded in mid-year. (Khao Hoon, 15/05/14)

TTA

TTA swings into the black, posts best Q2 since 2008 – The SET-listed Thoresen Thai Agencies Plc (TTA) swung to a profit in its fiscal second quarter, credited to continued profitability in three of the group’s four core businesses. President and chief executive Chalermchai Mahagitsiri yesterday said TTA posted a net profit of Bt183mn the three months to March, typically the low season in the dry bulk shipping industry, compared with a net loss of Bt220mn in the year-earlier period. (Bangkok Post, 15/05/14)

Comment: I’ve always argued that the value of TTA’s assets are way above its market price, but whether management can ever unlock this value is a different question.