AH
10% growth next year – AH has set the revenue growth at 10% next year, supported by the turnaround in auto industry. (Kao Hoon, 9/12/14)
Comment: AH is an odd automotive company because of its businesses in the retailing side in M’asia, thus its hard to classify it as a pure automanufacturer.

AOT
Core profit up – AOT reports its FY2014 core profit of Bt11.94bn, 20% growth from last year, largely from a rise in non-flight income. (Kao Hoon, 9/12/14)
Comment: At nearly 5x BV it is now the most expensive airport in the world!

BJCHI
BJCHI is confident that its FY2015 revenue will grow at least 15% from last year, supported by Bt4.5bn backlog. The company also expects to get new projects in Brazil and Australia worth Bt3.5bn. (Kao Hoon, 9/12/14)
Comment: As I said in the past a smaller STPI, had 2 successful trades in it this year, time for round 3.

DEMCO
DEMCO to maintain stakes in WEH – The MOE sent a signal that it will not revoke WEH’s licenses. DEMCO continues to be confident in WEH and will maintain its 4% stake. (Kao Hoon, 9/12/14)
Comment: I’ve always liked DEMCO and the rubbish news surrounding WEH’s major shareholder made the stock collapse. I doubt anything will change with its core business and as for WEH – a newshareholder may be brought in.

IVL
IVL is moving forward to buy “Performance Auto Asia” to support its HVA products and expects to close the deal within three months. (Kao Hoon, 9/12/14)

PSTC
IPO Dec 9-12 — The company will sell 450mn IPO shares on 9, 11, and 12 Dec at Bt0.65 per share. The company shares will start trading on the SET on 19 Dec. (Kao Hoon, 9/12/14)

PTG
The Palm Complex – PTG, together with partners, will invest Bt4.8bn to set up the Palm Complex, which is expected to yield 20% return starting in 2017. (Kao Hoon, 9/12/14)
Comment: The value of the palm project has increased from THB 1.5 bn to THB 4.8 bn hence the additional partners in the project, still like PTG and its growth story.

TKS
TKS said its profit this year will be a record high and will grow another 8-10% next year. The company also expects to conclude the JV project setting up a printing company in Myanmar by 2Q15. (Kao Hoon, 9/12/14)

TRUEIF
TRUEIF to meet its target – TRUEIF said it should be able to pay its target Bt0.88 per share dividend or 8.8% by the end of this year after paying Bt0.69 per share for the past three quarters. The fund’s NAV has risen to Bt73.2bn from Bt58.3bn during the IPO. (Kao Hoon, 9/12/14)
Comment: Well it bloody well better meet its target! It’s supposed to be paying out this guaranteed yield.