ADVANC

ADVANC will invest Bt800mn into its Serenade clients by launching the “Serenade Emerald” privilege club. It expects this to help push its customer base to 2.3mn by the end of this year. (Kao Hoon, 22/007/14)

AJD

AJD to benefit from digital TV coupons, expected to be distributed by September 15th. Management expects set-top box sales to exceed its target of 2mn this year supported by the subsidy coupon program. (Kao Hoon, 22/07/14)

Comment: Wait have the digital TV coupons even started yet?

APCO

APCO and partner Wan Global Ventures, have launched BIM and Gold Shape in six countries; sales are expected to be not less than Bt100mn in the first year. It continues to enter the AEC market and will set up new selling agents. It expects revenue growth of more than 50% YoY in 1H14. (Kao Hoon, 22/07/14)

Comment: We’ve stated here many a time to keep a close APCO J

AUCT

AUCT adjusts strategy by selling vehicle engines to be used in tractors and other agricultural needs, supported by demand from farmers as the price is 40-50% below the cost of a vehicle. It reports that the personal car market is still sluggish, despite the fact that the BoI approved eco-car phase 2. (Bangkok Biz, 22/07/14)

Comment: They have the distribution ready, they have been auctioning cars for years, this is just another product through their list of products that they can collect a fee on for selling with no inventory risk.

EGCO

To bid in Australia — EGCO will bid for a 30-40MW wind power plant in Australia, to be completed in late 2014. It is negotiating to buy a 100-200MW coal power plant in Indonesia. (ASTV Manager, 22/07/14)

GRAMMY

GRAMMY’s share price rose by almost 10% on rumors that the company will discontinue its Pay TV business after running a loss for more than two years. The company is also expected to make a statement with CTH on its new partnership to provide services for Pay TV tomorrow. (Kao Hoon, 22/07/14)

Comment: Their PAYTV business has been rubbish, as was expected in the beginning.

LDC

LDC to list on mai. It is holding a road show during 18 July – 1 Aug 2014. It is preparing to issue 120mn IPO shares and use the money for dental center expansion and working capital. (Kao Hoon, 22/07/14)

Comment: Small co, small float => fantastic first day return.

NNCL

NNCL talking with 3-4 Japanese and 2 Thai clients on possible land sales. It plans to close a deal to sell more than 70-80 rai of land in Pathum Thani within the next two months. It now expects a profit turnaround this year after the BoI began approving projects, although revenue will be lower than last year’s. It plans to propose a capital increase plan to its board to get the funds develop a new industrial estate next year. (Kao Hoon, 22/07/14)

N-PARK

N-PARK share price surged by 28.57% to hit ceiling at Bt0.09/share on news of a turnaround in its business after the company posted a loss in the first quarter. The company said that the company’s performance this year will be better than last year’s, supported by more transfers from its property project, along with a land sale deal that is expected to be concluded in August. (Kao Hoon, 22/07/14)

SIRI

SIRI says condo demand strong near transit lines. Presales for SARI By Sansiri reached Bt800mn thanks to interest by both Thais and foreigners. It expects to launch 13 projects worth Bt23.6bn in 2H14. (Tun Hoon, 22/07/14)

SUSCO

SUSCO expects revenue growth of 10-15% YoY in 2014 as consumer confidence has recovered, supporting fuel use. It targets Bt200mn investment for business expansion and renovating 50 petrol stations to rebrand from Petronas to SUSCO. (Khao Hoon, 22/07/14)

Comment: SUSCO vs PTG who’ll win?

TICON

Foreign funds coming back after the company announced that its business has passed its lowest point. It plans to sell assets worth Bt5-6bn into its new REIT in October. It said the financial performance in 2H14 will be better and maintains its revenue target of Bt6-7bn for the year. (Kao Hoon, 22/07/14)

Comment: The same story applies to HEMRAJ, AMATA, WHA

TISCO

TISCO eyes rebound after rough first half – Tisco Financial Group, the parent of Tisco Bank, is warning of a lower net profit this year due largely to the stuttering first-half economy and a sharp decline in domestic car sales. Despite the improved second-half economic view, Tisco expects loans outstanding to shrink by 2-3% this year. (Bangkok Post, 22/07/14)

UMI

UMI says that institutional and big retail investors bought its entire corporate bond. It aims to use the money for debt repayment and business expansion. CEO Paweena is confident that the property market will be active in 2H14, boosting its revenue to more than Bt4bn. (Khao Hoon, 22/07/14)