ADVANC

Cuts revenue target — ADVANC has lowered its revenue target for the year to 5-6% from 6-8% as it expects the slowdown in the economy to continue affecting earnings from 3Q13 through to 4Q13. (Khao Hoon, 20/11/13)

Comment: And it looks like it will be the same story next year, management isn’t really open about their thoughts on price wars even though DTAC states publicly that there is

BMCL

MoF to decide on capital increase — Chutchart Sutthiphan, permanent secretary of the Transport Ministry said the decision to raise capital for BMCL will be up to the Ministry of Finance, as it is the shareholder of the company. He went on to say that the issue will become clearer as the new year approaches. (Matichon, 20/11/13)

BTS

Sells portion of VGI stake — BTS made profit of more than Bt2.1bn from the sales of VGI shares. It sold nine big lots with a total of 220mn shares at Bt12.30/share. Profits will be booked in 3Q13 (Oct-Dec 13). Mr. Keeree KAnjanapas said that the sale of VGI shares will help with free float. (Khao Hoon, 20/11/13)

Comment: Help free float my a$$, its called taking profit

DEMCO

4Q13 revenue at least Bt2bn — DEMCO expects revenues for 4Q13 to be no less than Bt2bn and says revenues for the year will be at least Bt6bn. (Khao Hoon, 20/11/13)

MCOT

2014 profit growth target of 3-4% — MCOT is aiming at 2014 revenue of Bt6.2-6.3bn with net profit growth of 3-4%. It is ready to study a property development project for the Ministry of Finance. (Khao Hoon, 8/11/13)

Comment: MCOT doing property development? Realllllllllllllly?

MEGA

Active trade, closes above IPO — On its first day of trading, MEGA enjoyed high turnover and closed at Bt21.3 per share, 23% above its IPO price, though there was a big lot sale by major shareholders worth Bt909mn. Management aims at 2014 revenue growth of 20% and gross profit margin of 42% or higher. (Khao Hoon, 20/11/13)

Comment: It was a wonderful first day trading for MEGA, their distribution business isn’t something covered much by analysts, they apparently have 85% of Myanmar covered already

TICON

Expects 15-20% rent revenue growth — TICON expects rent revenue growth in 2014 of 15-20% via an increase in factory space for rent of 120K sqm and in warehouses of 300K sqm. It says that TGROWTH will be sold in Nov. (Khao Hoon, 8/11/13)

Comment: A simple, good, consistent story, but its more of value play versus the mid 2000’s when it was a growth play

WHA

Increasing net leasable area, setting up fund — WHA aims to increase its net leasable area by 300,000 sqm next year and is ready to sell assets worth more than Bt4bn into WHAPF by yearend. Management said in 2014 solar roof capacity will reach 80MW and revenues are expected to exceed Bt7.1bn. (Khao Hoon, 20/11/13)

Comment: I still don’t get these valuations