AMATA
AMATAVN puts off listing to 3Q15 from 2Q15. It says the industrial complex in Vietnam will be finished in time. It plans to collaborate with foreign partners in the future. (Post Today 07/05/15)
Comment: Well at least the delay was by 12 months as it was last year.

AJP
Plans to invest in waste and solar power plants. It plans to raise the proportion of revenue from alternative energy to 50%. It will fund its investments via a Bt2bn bond. It is dealing for an advertising event worth Bt40mn in May. (Thun Hoon 07/05/15)

BTS
Treasury Department plan for developing the land at Mochit expected to finalize this week. BTS is interested in handling a portion of the development of the property and maintenance depot. (Khao Hoon 07/05/15)

CEI
To change its name to “Advance Connection Corporation Plc” (ACC). The company’s focus will be on energy, trading and property businesses. It plans to hold a shareholders meeting about mid-June for shareholder approval. Foreigners are interested in jointly investing in a power plant in Thailand. CEI is waiting for the purchase power agreement (PPA) for its solar power plant. It has a land bank of ~2,000 rai which it plans to use for the power plant. It expects to set up phase 1 of a solar power plant with 20MW capacity in 2016. (Thun Hoon 07/05/15)
Comment: Another odd company that somehow will combine property and renewable energy. Perhaps they’ll be creative and another space programs too…

CWT
Plans JV to invest in Bt1.468bn waste power plant in northern Thailand. This will be put to shareholders for approval at the extraordinary general meeting to be held on July 1. (Khao Hoon 07/05/15)

EARTH
Shareholders approve cash dividend of Bt0.05/share, payment on May 20. This brings the 2014 total dividend to Bt0.1/. Shareholders gave the nod to investment in a power plant. The firm says earning will grow gradually on orders from upcountry and abroad. It also has strength in the coal business. (Thun Hoon 07/05/15)

EASTW
EASTW shareholders approve 2014 statement and investment plan. They also approved the company’s highest ever dividend of Bt0.45/share, 56% of net profit. The firm says revenue this year will achieve target and that revenue in 1Q15 rose 10% compared with 1Q14. (Thun Hoon 07/05/15)
Comment: Still one of the best utility plays in Thailand today.

FIRE
Looking for partner to open branches abroad, especially in Cambodia and Myanmar. The firm is planning an M&A for new business, expected to finalize this year. Profit in 2015 is expected to grow 15% from last year, after performance recovers in 2Q15. It will book Bt10mn revenue from new products imported from Spain in 3Q15. (Thun Hoon 07/05/15)

MATCH
Launched new TV program with good feedback. On this basis, it is dealing with a partner for a new TV program for both analog and digital television. The firm says equipment rental for studio production is a growth area that will support revenue growth. (Thun Hoon 07/05/15)

NEP
Profit this year on getting projects from Nestle and Betagro. The firm plans to invest in alternative energy that it hopes will lift revenue in 2016. There are investors interested in a joint venture or takeover, expected to confirm soon. (Thun Hoon 07/05/15)

PDI
PDI takes over Samor-thong Biomass to invest in biomass power plant for Bt294mn. Dr. Surin Tanticharoenkiat says this takeover will result in constant revenue and growth for the firm. Samor-thong Biomass already has 9.9MW in electricity capacity that it sells to EGAT. (Thun Hoon 07/05/15)

PLAT 1Q15 earnings will be released, expect 50% growth compared to 1Q14. Khun Somboon Wongrassamee confirms a gradual rise of profit in 2015. There is extra income that will be booked in 2Q15. The firm is preparing for a roadshow with investors both upcountry and abroad in May. (Thun Hoon 07/05/15)

PREB
1Q15 earnings to beat 1Q14’s Bt56.12mn because of more backlog and extra items that will be booked. CEO says revenue will grow 10%, benefitting from the construction boom. The firm plans to bid for new projects worth Bt6bn. (Thun Hoon 07/05/15)
Comment: Still one of the best examples of a construction company that moved up the value chain to develop its own projects

RS
RS targets revenue of Bt1.35bn this year, up 30% from 2014. Soopachai Nillawan, senior executive vice president for music business at RS, said consumers were not listening to less music, but had changed the media they use to access it. RS’s music business is supported by Sabaidee TV, Thailand’s top music channel, Sabaidee Radio, the country’s second-biggest looktung channel, and You Channel, a contemporary Thai music station. (The Nation 07/05/15)
Comment: Along with the rest of the players in the Digital TV industry, RS should benefit from the deferred payment

SIRI
SIRI plans to launch The Monument Sanam Pao project worth more than Bt1.5bn on 16 May 2015. (Khao Hoon 07/05/15)

TKT
TKT expects more jobs in 2H15 supported by auto business recovery and Eco-car phase 2. It plans to get more work to bring backlog to Bt1.3bn. It has budgeted Bt40mn to expand its business. (Thun Hoon 07/05/15)

TRUE
Aggressive marketing coming – True Move, the country’s third-largest mobile operator, is gearing up for an aggressive marketing strategy to popularise its prepaid mobile-phone service upcountry. “We want to increase our share of the local prepaid market from 20% to 33% over the next three years,” said Kittinut Tikawan, chief commercial officer for mobile of True Corporation, the parent company of True Move. True Move, through subsidiary Real Move, yesterday announced a new ambassador, Noom, the winner of The Voice Thailand, for its prepaid mobile service under the new Sabai brand. (Bangkok Post 07/05/15)

TSR
TSR maintains target revenue growth of 25-30% or Bt1.5bn in 2015. It expects ROMA, a water purifier, reach 100,000 machines. It plans to increase its revenue from upcountry to 20% from expanding to 19 branches this year. (Khao Hoon 07/05/15)

TTA
TTA plans to buy businesses both in and outside Thailand for business diversification. It has a budget of more than Bt10bn and low D/E at 0.48X that will make the acquisition easier. It plans to invest in solar farm, wind power, or biomass power business. PMTA closed 43.06% over IPO price because investors believe in its strong fundamentals. (Thun Hoon 07/05/15)
Comment: They can’t even do well from their existing businesses, shouldn’t they fix it first?