AIT
10% growth next year – The company expects 2015 revenue to reach Bt6.2bn and will grow 10% next year. (Kao Hoon, 8/12/14)
Comment: This company just continues to grow and grow each and every year.

BBL
BBL sees greater prospects offshore – Although Thailand’s largest bank, Bangkok Bank (BBL), already has the greatest footprint overseas, it continues to look for further opportunities in the offshore market and plans to open at least four additional branches next year. (The Nation, 8/12/14)

BJC
Higher revenue in Q4 – BJC expects revenue in Q4 will be higher than Q3 with revenue for the year reaching Bt42bn. On 8 Jan 2015, BJC is expecting to get the green light from shareholders to buy Metro Cash and Carry in Vietnam. (Kao Hoon, 8/12/14)
Comment: BJC is hideously over priced for a business that is facing constant margin reductions in Thailand.

DCON
Revenue to reach Bt1.6bn – DCON said its revenue in 4Q will be the highest quarter of the year. The company expects the revenue for the year to reach Bt1.6bn. (Thun Hoon, 8/12/14)
Comment: The kicker for DCON is the transfer of its condominium project, post that there earnings growth would decline by 30% or more.

FIRE
20% growth next year – The company expects 20% revenue growth next year and plans to invest Bt30-40mn to set up an office in Rayong. (Kao Hoon, 8/12/14)

IT
Turnaround in 2015 – The company expects a net loss this year after an 8% drop in revenue but expects a profit turnaround next year upon the opening of six new stores. (Kao Hoon, 8/12/14)
Comment: The issue for IT is representative of the entire industry – who buy’s items for their laptops and computers today?

JUBILE
200 branches in 2015 – The company has set its growth target at 20% in 2015 and will invest Bt500mn to increase the number of branches to 200. (Kao Hoon, 8/12/14)

KTB
Double digit growth next year – Management expects double-digit loan growth next year supported by government projects and SMEs. (Kao Hoon, 8/12/14)

LDC
To miss target this year – LDC expects revenue for the year to be close to that of last year, lower than its target. However, it expects revenue to grow 10% next year upon the opening of 10 new branches. (Kao Hoon, 8/12/14)

LH
CP group gets green light from BOT to take over LH Financial Group. The deal will be handled by SCB and is expected to be done by the first quarter of next year at a price of Bt3 per share or 2.5-3x of book value. (Kao Hoon, 8/12/14)
Comment: LH Group has got to happy with this sale, LHBANK only has an ROE of 8% or so, can’t compete against the larger players, I do wonder what on earth CP will do with this.

SENA
SENA expects revenue of Bt3.5-4bn supported by backlog of Bt1.9bn and revenue from solar roofs. (Kao Hoon, 8/12/14)

THAI
Reorganization ahead — Charamporn Jotikasthira said he will start by reorganizing the company according to the plan approved by the Superboard. He expects to submit a plan to the THAI board for approval on Dec 22. (Kao Hoon, 8/12/14)
Comment: Easy things to do here, remove top management that have been useless and install proper business executives that will actually drive the company forward, in reality there is no reason THAI Airways shouldn’t be the best carrier in the region.