AI
Management expects revenue of Bt9bn in 2015 from Bt5bn in 2014 and will invest Bt200mn to increase palm oil production capacity and set up solar power plant with 2.6MW capacity supporting sharp revenue and earnings growth. (Thun Hoon, 20/11/14)
Comment: Another firm that will have a small solar power plant – 2.6 MW means nothing in terms of this company’s bottom line.

AOT
Japan, China to finance AoT project — The Japan International Cooperation Agency and a Chinese bank have offered loans for the Phase 2 expansion of Suvarnabhumi airport, Transport Minister Prajin Juntong said yesterday. Funding for the Bt66bn project is expected to come from the Airports of Thailand (AoT) budget and domestic and foreign financial institutions, he said. (Bangkok Post, 20/11/14)

BCP
BCP expects oil stock loss in 4Q14 due to declining oil price. The company maintains EBITDA target at Bt10bn and plans to use subsidiary NIDO to find 1-2 new oil wells. It plans to invest in a solar power plant with 100MW capacity. (Kao Hoon, 20/11/14)
Comment: Every oil-related firm had a horrible 3Q14 and 4Q14 b/c of the decline in oil prices – but BCP will still go on to have a great 2015 (should there be no huge fluctuations in oil prices)

CCP/SMART
CCP and SMART expect booming construction material industry in 2015 as public mega projects and a new round of private investment support demand for lightweight concrete block and concrete. Management confirms many orders to support backlog and expects to book revenue and net profit from an extra item. The company expects revenue growth of 10-15% YoY. (Kao Hoon, 20/11/14)
Comment: This is a theme that I think will play out very well over the next 3-5 years – with the mega projects all of these construction material companies should – in theory – perform like gangbusters

CHG
CHG plans expand its service area by increasing the number of hospital beds in Jurarat hospitals 3, 9 and 11. The board has also approved an interim dividend Bt0.10/share. 9M14 net profit stood at Bt368mn, up 20.19% YoY. (Kao Hoon, 20/11/14)

CPN
CPN will invest Bt1bn on its campaign, “Central Celebration in Bangkok”, on Nov 25-Dec 31, 2014. It hopes the campaign will help stimulate store sales by 20-30%. (Kao Hoon, 20/11/14)

EFORL
EFORL said next year revenue is expected to exceed Bt5bn driven by a full year of revenue from Wuttisak Clinic, with revenue from the subsidiary to start coming in as early as December, bumping up profit by more than Bt200mn. The company also plans to increase its investment in “That’so” to at least 25% from its current holding of 18%. (Kao Hoon, 20/11/14)

GUNKUL
GUNKUL joining the “Thai Corporate Day” road show in Malaysia on Nov 19th and Singapore on Nov 20-21st, along with more than 30 other companies. The company said there is strong potential growth in its energy business and it plans to expand its foreign investor base. (Kao Hoon, 20/11/14)

IFS
IFS reports its loan portfolio for factories has sharply increased to Bt30bn. (Thun Hoon, 20/11/14)
Comment: I’ve always like IFS’s business, it’s not necessarily a loan provider more of a trade financier.

IRCP
IRCP reports negotiations for two deals, one a fuel oil business and the other a waste power plant, worth a total of Bt300mn. It expects both deals to be concluded this month. It is confident that revenue this year will grow by 50% and profit by 110%, supported by its current backlog of Bt1bn, with Bt200mn expected to be booked in 4Q14. (Kao Hoon, 20/11/14)

JSP
JSP share price surged by 28.46% to close up at Bt3.34, above its IPO price of Bt2.60 on its first trading day. However, there was a mysterious big lot of 460mn shares worth Bt1.2bn, but the CEO said the major shareholders that hold more than 90% did not make the transaction. (Kao Hoon, 20/11/14)
Comment: Usual first day pop for a small co IPO

KMC
KMC plans to sell 200 million IPO shares and be listed on mai within December. It targets revenue of Bt800mn this year and Bt1.20bn next year. It said it plans to invest Bt500mn over the next three years to expand the number of branches and production capacity. (Kao Hoon, 20/11/14)

LDC
LDC expects revenue growth of 10% YoY in 2015 from 2014 revenue of more than Bt340mn as it penetrates the provincial market. The company is going to add a new branch in Salaya in December, supporting business growth, and will conclude a partnership deal in 2015. (Thun Hoon, 20/11/14)

ML
ML says domestic and foreign companies are interested in buying into the company, supporting its international leasing business. The company expects to conclude a deal in 2014 and expects sharp growth in 4Q14 due to high season. The company expects loan portfolio of more than Bt3.2bn. (Thun Hoon, 20/11/14)

PTT
Gas pipeline case again — Yesterday the Office of the Auditor General of Thailand filed asking the Office of the Council of State to interpret the decision from the Administrative Court about the gas pipeline. PTT said the company has returned the gas pipeline to Ministry of Finance after the decision by the Administrative Court and is waiting for an answer from the Office of the Council of State. (Kao Hoon, 20/11/14)

SPORT
SPORT restructuring business structure. It will separate its business segments into four groups: print, digital media, event and digital TV. It also plans to list one of its subsidiaries on the mai. It is confident that all business segments will show profit next year. (Kao Hoon, 20/11/14)

SPALI
New mass-transit lines set to ease city land prices – New mass-transit lines will help to cool a surge in land prices in locations near existing stations, making residential units in Greater Bangkok more affordable, a property seminar has heard. Tritecha Tangmatitham, deputy managing director of SET-listed developer Supalai Plc, said people in the mass market or middle-income segment could barely afford housing, as the cost of residential development rises by 8-9% per year. (Bangkok Post, 20/11/14)