AMATA

AMATA reports that it is negotiating to sell 700-800 rai of land to Chinese, European and American investors. It expects the deal to be concluded soon. It also said 2Q14 earnings will be better than 1Q14 due to an increase in booking land transferred. (Kao Hoon, 31/07/14)

Comment: Still a safe simple recovery play.

AQUA

AQUA issues 845.31mn shares at a selling price of Bt1/share, privately placed with eight investors. It plans to use the proceeds to expand its business as its business has returned to life after the economy began to get going again. (Kao Hoon, 31/07/14)

Comment: And yet they stock price still maintains it lvls, it was a good punted trade in the past 2 months, now I have no idea.

BLAND

Bangkok Land REIT IPO backed – The Securities and Exchange Commission (SEC) has approved an initial public offering of Bangkok Land Plc’s real estate investment trust (REIT) worth up t Bt20bn. Thailand’s first REIT – the Impact Growth REIT – is due to be launched in September as planned. The REIT will raise up to Bt20bn from the public to buy most of Impact Exhibition Management Co’s freehold property including Impact Arena and Challenger Hall. Impact Exhibition Management is a subsidiary of Bangkok Land. (Bangkok Post, 31/07/14)

Comment: So it will finally happen, well done to BLAND, now every broker will push the story that it is worth THB 2.50-THB 3.00/share 

DELTA

DELTA expects 2014 profit to hit a new high, growing 5-10% from last year’s net profit of Bt2.89bn. It expects 2H14 earnings to be similar to 1H14. (Kao Hoon, 31/07/14)

KBANK

KBank counts on students to help meet full-year goal – Kasikornbank (KBank), the country’s fourth-biggest bank by assets, says its target of 3.3mn new retail accounts this year is reachable because its strategy of capturing customers in groups, especially university students, is paying off. The bank is maintaining its 2014 goal, even though it failed to reach half of its full-year target in the first six months. KBank is striking deals with several universities and vocational schools to offer student ID debit cards, in hopes that this will be a major driver in helping to reach the new-account target. (Bangkok Post, 31/07/14)

Comment: Great!!! Now Thailand can mimic the US with students going into debt and spending money that they don’t have (or that their parents have)

PRIN

Readying for pick-up in market in 2H14 — PRIN management said it is changing its marketing strategy to prepare for a pick-up in the real estate market in the second half. It confirms that presales this year will achieve target of Bt2.9bn, already booking Bt1bn in presales in the first half. (Thun Hoon, 31/07/14)

PTT

PTT palm oil deal under agency’s probe – The probe on PTT Plc’s investment in a palm oil plantation in Indonesia remains under investigation by Thailand’s National Anti-Corruption Commission (NACC) at the request of PTT. The company seeks to find out if the investment decision was made by executives for their personal benefit. (Bangkok Post, 31/07/14)

RICHY

Richy Place 2002 reports all 214mn IPO shares have been sold. Shares will start trading on August 4. Management said it expects revenues and profit this year to surge. (Kao Hoon, 31/07/14)

Comment: Same same story, small name, small IPO, small float, off the charts first day

RWI

RWI to issue 150mn IPO shares at Bt1.6 per share, Bt0.5 par value. The company will use the funds to purchase additional machinery for capacity expansion and keep the remaining as working capital. (Kao Hoon, 31/07/14)

Comment: Same same story, small name, small IPO, small float, off the charts first day

SPALI

SPALI plans to launch two new low rise projects worth Bt1.31bn in Wongwang-Bang Yai. Bookings will start 2-3rd August. (Kao Hoon, 31/07/14)

THCOM

THCOM: revenues this year will grow 18% from last year, supported by a full year of revenue from Thaicom 6 and revenue sharing from Synertone. It plans to launch Thaicom 7 on August 7. The company has issued bonds worth Bt3-4bn to help lower financing costs. It is also investigating the use of a temporary satellite ahead of the launch of Thaicom 8 to help serve demand. (Kao Hoon, 31/07/14)

Comment: The digital TV story alone is going to keep THCOM’s capacity busy.

TPOLY

TPOLY expects to be in the black in 2Q14 with revenue of at least Bt1bn or +40% QoQ, boosting 1H14 revenue to Bt3.4bn or 30% YoY. 2014 will be the best in five years, reaching Bt200mn. The company continues to bid for new projects and will list TPC Power Holding on mai in 2014. (Thun Hoon, 31/07/14)