ADVANC
ADVANC says delay in 4G will not impact performance as it has 15MHz on the 2.1GHz spectrum to support 50mn clients. The company expects 2H14 revenue growth of 2-4% YoY after economic recovery and also entry into the fixed-line broadband business. (Kao Hoon, 18/08/14)
Comment: And it has a near 7% dividend yield at this price.

ANAN
ANAN expects better 2H14 HoH driven by two new condo projects expected to be transferred. It has more than Bt17.5bn of backlog and expects to book revenue slowly through 2016. It also raised presales target to Bt11.6bn. (Kao Hoon, 18/08/14)
Comment: My #1 pick at the moment, very straightforward, just look @ their numbers

HMPRO
HMPRO plans to launch five new branches in the provinces in 2H14. In November, it also plans to open its first store in Malaysia. The company reiterates its target revenue growth of at least 15% this year. It expects stronger growth in 2H14 compared to 1H14. It will also set up a REIT next year. (Kao Hoon, 18/08/14)

KBANK
KBank’s SME clients to tap China with Alibaba deal – Kasikornbank, Thailand’s fourth-largest bank by assets, expects its 5,000 SME customers to be members of Alibaba.com in the first year after KBank signed a cooperation agreement with the Chinese e-commerce company to support Thai SMEs entering China’s e-commerce market. (Bangkok Post, 18/08/14)

MC
MC expects to be in the black in 2H14. Management said domestic purchasing power has recovered and it expects to penetrate into domestic and overseas markets. It has added a new brand, MC Plus, and has introduced the Time Deco brand to Myanmar. It has concluded a new acquisition and expects 2014 revenue growth of 20-25% YoY. (Thun Hoon, 18/08/14)
Comment: So growth is coming from acquisition and expansion to new markets, whilst their existing business is struggling to stay in the black, ok…

MFEC
MFEC says 3Q14 profit will be this year’s highest driven by the booking of work worth Bt2.6bn in the quarter. Management said it expects to receive more private jobs. It is waiting to sign a contract for network set up and services for a bank group. It says 2014 profit will reach a new high, growing 15%. It said it will also receive a new big project from the government in 2015. (Thun Hoon, 18/08/14)

PACE
PACE confident sales of Mahanakorn will reach 70% this year and expects completion of the project in 4Q15 as planned. The Mahasamut project is expected to start selling soon. (Kao Hoon, 18/08/14)
Comment: Since they have switched from being a leasehold property to a freehold, then I believe they have a higher chance of succeeding, if that is the case then analysts are saying THB 5/share is possible

RICHY
RICHY expects sharp performance growth in 3Q14 as it books revenue from Richy Park @ Tao Poon Interchange worth Bt1.7bn. It has backlog of Bt1.3-1.4bn and expects 2014 revenue to exceed prior estimates. (Thun Hoon, 18/08/14)

SC
SC sees 20% revenue rise – SC Asset Corporation Plc, a property firm owned by the Shinawatra family, is confident of achieving revenue growth of 20% at the end of this year to Bt12bn. Nuttaphong Kunakornwong, deputy chief executive officer, said the overall property market had been improving since March. (Bangkok Post, 18/08/14)

SOLAR
SOLAR reports 1H14 net profit of Bt57.15mn. It is confident that revenues for the year will reach Bt2bn, growth of no less than 30%. It also plans to invest in a power plant in Myanmar worth Bt800mn and expand its production capacity by 120MW more. (Kao Hoon, 18/08/14)

SRICHA
SRICHA awarded new module assembly project to be delivered to Australia worth Bt400mn. This helped push backlog to Bt2.6bn. It will start booking revenues this year through next year and expects profit this year to be better than expected. It also plans to pay a high dividend this year. (Kao Hoon, 18/08/14)
Comment: Could this be STPI version 3 (stpi, bjchi and now sricha)

STRGA
STRGA has sent a filing to SEC. The company expects to sell 200mn IPO shares to raise funds to take on a horizontal directional drilling project in ASEAN. (Kao Hoon, 18/08/14)
Comment: No idea who this is, but am interested to learn more, you could find all the SET filings on the SET/SEC’s websites.

TGPRO
TGPRO posted net profit of Bt8.48mn in 2Q14, +239% QoQ. Management said the company will grow sharply in 3Q14 as it delivers product to sugar producers and public projects. It will access overseas market and expects a proportion of 30% of total revenue. It will expand capacity in 4Q14. It expects revenue growth of 20% YoY in 2014. (Thun Hoon, 18/08/14)

THAI
THAI wants ‘super board’ nod for loans – Thai Airways International (THAI) will submit a plan to the state enterprise “super board” looking to secure massive loans to revitalise the ailing airline. If the plan is approved, the Finance Ministry, the majority shareholder in the national carrier, would procure loans needed to restructure THAI’s internal operations and eventually return it to profit. It is still not clear how much the loans would amount to. (Bangkok Post, 18/08/14)

TOP
Thai Oil to set up refineries in Indonesia and Myanmar – SET-listed Thai Oil Plc (TOP), Thailand’s largest refinery, is looking to expand into Indonesia and Myanmar by joining with its parent company PTT Plc to add new refining capacity in the two neighboring countries. (Bangkok Post, 18/08/14)

TTW
TTW expects profit of Bt3bn this year in tandem with higher water usage. It expects sales volume to increase by 3% this year. It plans to build a water treatment plant in Krathumban. TTW will also invest in a project with a production capacity of 30,000 cubic meters per day worth US$10mn in Myanmar. (Kao Hoon, 18/08/14)
Comment: A very straightforward utility play