AJD
SP still not lifted— The SET is keeping AJD tagged SP, saying it was not satisfied with AJD’s explanation about the capital increase via PP. (Kao Hoon, 2/12/14)
Comment: PP’s have been one of the ways speculators use to gain additional shares in a company to “control” the stock price, it is a positive thing that the SEC is forcing AJD to be more specific in its reasons for doing this. Then again if AJD is being genuine (which I doubt) then this is rather annoying for management

BBL
Surprise rate cut a challenge for Bangkok Bank (China) – The recent cut in China’s policy interest rate poses a challenge for Bangkok Bank (China), a wholly owned subsidiary of the Thai bank, as it has to balance the efficient management of capital and double-digit loan growth. (Bangkok Post, 2/12/14)

DTAC
DTAC, CAT to meet on bandwidth transfer – Total Access Communication (DTAC) will hold discussions with CAT Telecom about transferring 25MHz of unused bandwidth from its 1,800MHz concession to the regulator for auction, as part of a memorandum of understanding signed by both parties yesterday. (The Nation, 2/12/14)
Comment: This would be a positive for DTAC as the need the bandwidth to keep up with expansion plans.

ECF
Bt1.3bn revenue for the year – ECF believes revenue for this year will come at Bt1.3bn, 15% growth from last year. The company also expects revenue to reach Bt2bn over the next three years. (Kao Hoon, 2/12/14)

JSP
JSP expects revenue growth for this year to be 200%, reaching Bt2.6bn, well above its target of Bt2.1-2.3bn. (Kao Hoon, 2/12/14)
Comment: A new IPO that is actually going to perform well, a positive, will do more work looking into this company.

PTG
PTG has set its revenue growth target at 20% as the company expects MAX Card members to increase by at least 1.2mn. PTG also plans to add 230 petrol stations with an investment budget of Bt600-700mn. (Kao Hoon, 2/12/14)
Comment: I’ve liked PTG for most of this year and still continue to, their management is far ahead of SUSCO in terms of long term vision

SSI
SSI expects 4Q14 sales of heat-treated steel to drop by 10-20% from 3Q14 from slowing domestic demand. (Kao Hoon, 2/12/14)
Comment: I still think SSI is likely to recap, they’ve been losing money constantly for the past 3-4 years.

STEC
STEC to build new 12 power plants – STEC said the company has been contracted by Toyo Engineering Corp. to build new 12 small power plants at a total value of Bt12.53bn. (IQ Biz, 1/12/14)

TIP
TIP reports 9M profit of Bt1.10bn, a 22% increase from last year, from insurance premiums received of Bt13.53bn. (Kao Hoon, 2/12/14)

TTA
TTA planning first dividend in two years —Management of TTA is asking the board to approve its first dividend in two years after a profit turnaround in 2014. The meeting will be in December. (Kao Hoon, 2/12/14)