AIT
AIT announced 2H14 dividend of Bt1.1/share (XD on April 21), after record-high net profit of Bt658.56 mn (+16.26%) in 2014 and revenue of Bt6.65bn. It has backlog of Bt1.487bn, part of which will be realized this year. (Khao Hoon, 23/02/15)

BGT
BGT plans to expand into ASEAN markets via agents or setting up joint ventures with locals, which it expects to finalize in 2Q15. It targets revenue growth of 10% with Bt48mn capex to add 10-15 branches in provincial areas. (Thun Hoon, 23/2/15)
Comment: BGT has suffered along with every other consumer related business in the past 2 years, perhaps more so because they have the single brand risk.

CHO
CHO will not participate in NGV auction if price is not adjusted. The company maintains target revenue growth of 10% this year supported by backlog of more than Bt600mn and introduction of new products. It has budgeted Bt200mn to expand its maintenance center. (Kao Hoon, 23/2/15)

FVC
FVC to increase capital by PP to invest in new business and is negotiating negotiation with clients outside the water system and the restaurant business. It plans to acquire a medical service group in 1Q15 or 2Q15. (Kao Hoon, 23/2/15)
Comment: Now the question is whether this a genuine PP done by PP

GUNKUL
Hong Kong investors interested in GUNKUL. The company expects its revenue to increase to Bt4bn this year, driven by energy and the government sector. (Thun Hoon, 23/2/15)
Comment: Don’t be surprised to see GUNKUL issue capital @ 35/share

IMPACT
To invest Bt4bn in expansion — Impact Exhibition Management plans to invest Bt4bn in the development of an Ibis hotel, a car park and a shopping mall. The company will also increase its rental fees by 9% in April, and try to be more active in attracting event organisers. It targets Bt2.17bn in revenue this year. It’s ready to discuss with the board of Bangkok Mass Transit System a skytrain connection to the Impact complex, which would cost about Bt600mn. (KrungthepThurakij, 21/2/15)

LH
LH will announced 2014 results on February 24. Brokers expect a record high net profit at Bt8.547bn (+32%), and Bt0.35 2H14 DPS, yield of 3.4%. (Khao Hoon, 23/02/15)

LOXLEY
LOXLEY plans to expand both domestically and internationally (CLMV countries and China) in 2015. The company targets revenue growth to Bt5bn this year from Bt4.2bn last year. (Thun Hoon, 23/2/15)

MODERN
MODERN will get a board approval for dividend on February 25. Brokers expect 2H14 DPS of Bt0.3/share. The company expected its revenue to grow 15% this year with Bt3bn backlog. (Khao Hoon, 23/02/15)

MTLS
MTLS’s board approves dividend of Bt0.13/share and plans to apply for a Nano finance license, hoping to expand in this market in 2H15. (Khao Hoon, 23/02/15)

PICO
PICO expect its 1Q15 and 2015 earnings to return to profit after loss of Bt4.86mn in 2014. (Khao Hoon, 23/02/15)

PTT
PTT confident of good results in 2015 because oil prices have started to stabilize. PTT expects a turnaround from losses to gains for inventories at its oil-refinery subsidiaries and loss of subsidizing the retail price of NGV to reduce by half to Bt10bn this year. (Krungthep Thurakij, 21/2/15)

PTTGC
PTTGC expects 2015 EBITDA at ~Bt57.6bn, on par with 2013 level. It maintains its 5-year investment budget at US$4.5bn. It will finalize its plan to set up a petrochemical complex in the US by March this year. (Khao Hoon, 23/02/15)

SCN
SCN, first trading day, IPO price at Bt5. It expects to get Bt1.5bn to support business in the future. It expects to become an energy technology innovator in Asia-Pacific. (Thun Hoon, 23/2/15)
Comment: A small co, huge first day pop is expected

SLC
SLC sets target revenue growth of 35% in 2015. It expects to decrease net loss to Bt200mn from Bt400mn in 2014. It will acquire a media company by using the funds gained from its PP of more than Bt700mn. (Kao Hoon, 23/2/15)
Comment: Just looking at its holdings alone in NMG does imply that SLC is damn cheap but its net losses aren’t helping things, perhaps in a year or 2 you’ll read about how SLC is a turnaround story.

TASCO
TASCO reports new high for profit in 2014, up 44% to Bt1.2bn, due to the oil price drop that supported its exports and margin. It will pay a dividend of Bt1/share and split par from Bt10 to Bt1 for more liquidity. (Kao Hoon, 23/2/15)
Comment: I’ve waited 1.5 years for people to look at this company, earnings have finally improved, they will also benefit from the infrastructure spending in Thailand (30% of revenues are from Thailand)

TMC
TMC sets revenue target of Bt800mn and expects to turn around, supported by auto industry recovery. It will increase capital or obtain loans of Bt600-700mn to set up a new factory. (Kao Hoon, 23/2/15)

TRC
TRC expects to increase its holding in ASEAN Potash Mining to a maximum of 47%. It plans to list ASEAN Potash Mining on the SET within three years and expects revenue to reach Bt10bn in five years. The company will expand to infrastructure construction and government work. It also studying water system management. (Krungthep Turakij, 23/2/15)
Comment: Wait how is this possible unless they are going to raise capital at TRC’s level, the initial plan was to hold just under 5% in the the potash mining co.

TRUEIF
Plans to add to assets— True Telecommunications Growth Infrastructure Fund (TRUEIF) is likely to acquire additional assets from its major shareholder True Corporation and other telecom operators after a second batch of asset purchases worth Bt14 bn as it looks to raise its asset size to Bt100bn this year. (Bangkok Post, 23/2/15)

SPCG
SPCG negotiating with foreign investor to set up a joint venture to do a 70MW solar roof. It expects to book income from its 200MW solar farms and the Japan 150MW power plant is progressing. The company expects revenue this year will reach Bt5bn. (Thun Hoon, 23/2/15)
Comment: The only solar player that is actually trading at its fair value and not at silly levels.

STANLY
STANLY not confident in auto industry recovery after flat sales in January. It is confident that in the long term growth will get back to an average of 5-10% per year. (Krungthep Thurakij, 23/2/15)

UREKA
UREKA expects turnaround this year supported by business recovery. It sets target revenue of Bt800mn and will close a joint venture deal with a partner in May. The investment will be funded by the capital increase. (Kao Hoon, 23/2/15)