AMATA
AMATA expects to sell 500 more rai at the end of this year, raising total land sales for the year to reach its target of 1,000 rai. It said it has more than 2,800 rai in land ready for sale that is simply waiting for EIA approval. Next year, it will invest more than Bt4bn at home and abroad. It plans to list Amata VN in the market after 2015 and set up an REIT in 1Q15. (Thun Hoon, 03/12/14)
Comment: The only reason to hold AMATA is for the REIT and the listing of Amata VN next year.

ARROW
ARROW said 4Q14 net profit will be close to 3Q14’s Bt40.33mn, supported by steady product shipments. It expects revenue to grow by 15-20% next year from this year. It targets growth of 10% in sales abroad after signing contracts with dealers in Vietnam. (Kao Hoon, 03/12/14)

BEAUTY
BEAUTY says sales and earnings 4Q14 will be strong supported by promotion campaigns and the company’s new product collection that should help spur demand at the end of the year. It is confident that revenue and net profit this year will hit its targets of 30% and 20%, respectively. It is moving quickly to set up its e-commerce system and expects the system to help lift sales both at home and abroad starting 2Q15. (Thun Hoon, 03/12/14)
Comment: They have expanded far better & more efficiently than most cosmetic companies in Thailand

CHOW
Full-fledged entry into renewable energy next year — CHOW says it is ready for a full-fledged move into renewable energy next year through its new 18MW solar energy project. It is holding talks with three big companies for partnerships. It plans to list one of its subsidiaries on mai within 2015. (Thun Hoon, 03/12/14)

CNT
CNT: May be turnaround in net profit in 4Q14 since it does not need to set any more provisions for two of its projects that were making losses. It is confident that revenue this year will reach Bt10bn as planned. It currently has Bt6.5bn of backlog on hand that it expects to be booked next year. It said it will focus more on work with high profit, low risk and fast payment. (Kao Hoon, 03/11/14)
Comment: CNT was at one point the most popular construction company but its loss this was a surprise for everyone.

DEMCO
Demco stock plunges in wake of Nopporn scandal – DEMCO saw its investment value drop by 17% at one point yesterday in panic selling after the largest shareholder of an associate firm was reportedly involved in a scandal linked to former Central Investigation Bureau chief Pol Lt Gen Pongpat Chayapan. (Bangkok Post, 03/12/14)
Comment: A post to come up on this. But my viewpoint is that its just a short term impact on the stock price without an overall impact on the business.

NCH
NCH says revenue this year will reach its target of Bt1.8bn supported by presales of over Bt3.2bn. It currently has backlog of Bt1.9bn on hand and 50% of this is expected to be booked in 2015. Next year, the company has set a revenue target growth of 10-15%. It plans to launch three new projects worth a total of Bt3bn. (Kao Hoon, 03/12/14)

PTT
PTT aided by EPPO approval of another Bt1/kg increase in NGV price. The increase should help lift net profit by Bt4-5bn next year, raising earnings for the year to above Bt100bn. Its loss from the NGV segment is also expected to fall to Bt15bn per year. (Kao Hoon, 03/12/14)

SAPPE
New executive chairman — SAPPE has appointed Mr. Adisak Ruckariyapong as the new Chairman of the Executive Committee, hoping he will be able to lead the company’s brand to grow both at home and abroad. The company has set a sales target of Bt5bn by 2017. Ms. Piyajit Ruckariyapong has been appointed as the new CEO, effective as of Feb 28, 2015. (Kao Hoon, 03/12/14)

TAE
TAE expects ethanol sales this year to exceed 96 million liters, above its 90mn target. It said 4Q14 earnings will be good, supported by strong flows of orders brought by the drop in oil prices, which has induced people to use more gasohol, raising demand for ethanol. (Kao Hoon, 03/12/14)

TKS
TKS sets target revenue next year of Bt1.7bn, up from this year’s target of Bt1.6bn, supported by its joint venture business in Myanmar and revenue from its soft packaging products business segment, for which it aims at 30% revenue growth next year from this year’s Bt100mn. (Kao Hoon, 03/12/14)

TUF
TUF will split its par to Bt0.25/share from Bt1.00/share. This will go put up for shareholder approval on Dec 24, 2014. New par is expected to start Jan 5, 2015. The company expects the par split will attract more retail investors. It also maintains its revenue target of US$5bn. (Kao Hoon, 03/12/14)
Comment: For some reason everyone loves a par split.