ADVANC

AIS to temper revenue view – Advanced Info Service (AIS) says it will revise down its revenue growth target from the previous 6-8% this year because the political stalemate is dragging down economic growth and hurting the mobile sector. But the country’s biggest mobile operator is still expecting positive growth. (Bangkok Post 26/05/14)

Comment: It’s still the #1 telco, it still has one of the better dividend yields, and it’s still growing.

BBL

BBL covers all bases with China effort – Bangkok Bank’s fifth branch opening in China extends its coverage to all major economic zones of the world’s second-largest economy, says a high-ranking executive. (Bangkok Post, 26/05/14)

BTS

BTS reports FY2014 net profit of Bt12.6bn, up 635%, on a surge in total revenues of Bt23.3bn. Passenger numbers reached 214 million for the year. This year it targets passenger growth of 5-8% supported by the full year opening of new stations on the Silom line. (Khao Hoon, 26/05/14)

Comment: If you want a pure play on the BTS skytrain then the IFF BTSGIF is the way to go, but if you want to play the skytrain + media + a little bit of property then have a look @ BTS, its yielding nearly 9% now

GRAMMY

Grammy grabs concert hall – GMM Grammy has acquired the rights to manage CentralWorld’s concert hall at an investment cost of Bt400mn. The plan is to accommodate at least 200 events a year. The first shows will begin in late 2014. (Bangkok Post 26/05/14)

HOTPOT

2Q14 to beat 1Q14 — Sakuna Baicharoen, HOTPOT’s management, expects 2Q14 will be better than 1Q14 on higher sales and seasonality. It is ready to increasing its clientele by adding new international menus. It is confident that this marketing strategy will support revenue growth to achieve the target of 15% YoY in 2014. (Tun Hoon, 26/05/14)

Comment: HOTPOT can’t compete with M (MK Restaurants) then again maybe it doesn’t want to nor have to

PERM

Raising capital — PERM’s management said the company will increase capital to expand its business to carbon steel pipe as it believes it will receive large orders from alternative energy plants and government projects. It expects 2Q14 earnings to surge after posting a loss of Bt86.90mn in 2Q13. It said one big retail development had put in a long-term order for three months. (Tun Hoon, 26/05/14)

TPOLY

TPOLY ready to list subsidiary, TPCH, on mai in the second half of the year as planned. It is confident that revenue will hit its target of Bt3.4bn after net profit in 1Q14 was Bt11mn, up 73% YoY. (Khao Hoon, 26/05/14)