AIT

Backlog over Bt3.7bn. It is confident that 2014 revenue will meet target of Bt6.2bn. It aims to bid for new projects worth Bt7.6bn. It reported 1Q14 net profit of Bt199.17mn, +34.84% YoY after completing more projects. (Khao Hoon, 12/05/14)

Comment: But on an EPS basis growth is half what was reported due to the cap increase last year.

DTAC

DTAC launches 4G LTE 2.1GHz service with coverage initially limited to Bangkok. It expects 4G subscribers of 1mn and Trinet subscribers of 22mn in 2014. It aims to bid for the 1800 and 900 MHz spectrum. (Khao Hoon, 12/05/14)

LANNA

LANNA confident in Bt572.29mn 2014 net profit because it has good control over expenses and book extra income from sale of TAE of Bt190mn. TAE’s IPO price is Bt2/share. It will trade on 5 June. It is confident in revenue growth of 30% YoY per year. (Khao Hoon, 12/05/14)

Comment: The question for Lanna (and BANPU) is when will coal prices begin rising?

MINT

MINT has five-year plan to create net profit growth of 15-20% YoY per year. It reported net profit of Bt1.42bn and revenue of Bt10.63bn, +10% YoY, in 1Q14 supported by overseas business and provincial hotel business. (Khao Hoon, 12/05/14)

Comment: Just a machine of a business, continuously growing both top and bottom lines.

OCEAN

OCEAN announced 1Q14 net profit of 4mn, +300% YoY, despite political turmoil and slowed economy. It has raised selling prices, expanded its client base, and controlled cost of production. It is confident it will achieve 20% YoY revenue growth in 2014. (Khao Hoon, 12/05/14)

PDI

PDI set up new company, PDI Eco, to do waste management, recycling used materials, and power generation. It also raised capital for PDI Energy by Bt50mn and adjusted its holding structure by reorganizing South East Asia Metals as subsidiary of PDI. (Khao Hoon, 12/05/14)

THCOM

THCOM beat estimates with 1Q14 net profit of Bt399mn, +20.9% YoY, on higher revenues from satellite and mobile business in Laos and at the same time was efficient in controlling expenses. (Khao Hoon, 12/05/14)

VGI

VGI reports net profit of Bt1.15bn in FY2014, +27% YoY, with revenue of Bt3.149bn. It expects FY2015 revenue growth of 13-17% and is confident that the advertising media business will grow. (Khao Hoon, 12/05/14)