ANAN
ANAN ups 2014 revenue target to Bt10bn from Bt9bn upon booking a large amount of revenue from backlog. The company will obtain new projects worth Bt29bn in 2015, which is expected to generate revenue until 2017, adding to current backlog of Bt27bn. (Thun Hoon, 28/11/14)
Comment: And this is the reason why I like ANAN the most out of all the property companies. Next year they’ll have sales growth + operating leverage.

CPF
CPF to continue to expand abroad, especially in India and Vietnam, where it sees high market potential. It said that its QSC standards are ready to be used in its chicken factories. (Kao Hoon, 28/11/14)

CRANE
CRANE expects peak performance in 4Q14 with clients waiting to rent its cranes. The company maintains revenue target of Bt1.4bn in 2014, in line with growing construction activity and government spending. (Thun Hoon, 28/11/14)
Comment: A wonderful business here, basically they purchase cranes and lease them out or sell them on as well.

DNA
DNA splits par value from Bt0.25 to Bt0.05 per share. This raises the number of shares to 7,522 million from 1,504 million. Its DNA-W1 of 251 million units will start trading today. (Kao Hoon, 28/11/14)
Comment: Retail investors are going to love this.

JMART
JMART expects 2014 net profit to decline by 10% YoY to Bt350-360mn on a fall in revenue of 5-10% to Bt9-9.3bn on no real recovery in the economy and no clear public investment. In 2015, however, it expects net profit and revenue growth of 10% YoY. It has filed the detail of JAS Asset with the SEC today for listing on SET in 2015. (Kao Hoon, 28/11/14)
Comment: No surprise on the decline in growth with mobile phone sales growth decreasing rapidly, but the secret sauce in JMART is still JMT.

LALIN
LALIN focusing on low-rise market with the November 29-39 launch of 104 high-end single houses at Ramintra worth Bt1bn. The company sees good potential in the low-rise market where demand is high. (Kao Hoon, 28/11/14)

LH
Land and Houses will beef up hotel portfolio — SET-listed developer Land and Houses Plc (LH) has announced plans to spend Bt8.7bn to open five hotels by 2017. Grande Centre Point Hospitality Group, a business unit of LH, will open the Bt2.5bn Grand Centre Point Hotel Thonglor in late 2016. (Bangkok Post, 28/11/14)

MAX
Rumors denied — The rumor that shareholders who bought shares at Bt0.05/share have sold 1.6bn shares at price of Bt0.8/share worth Bt1.28bn to a local fund. However, the top-three major shareholders refuse. (Kao Hoon, 28/11/14)
Comment: There’s a lot of speculation going around MAX, its backdoor listing has been postponed because they didn’t do the correct filing the first time around.

NNCL
Nava Nakorn finalising plans for Pathum Thani – Industrial land developer Nava Nakorn Plc (NNCL) is expected to finalise its development plan for a project in Pathum Thani in the first quarter of next year, says managing director Nipit Arunvongse Na Ayudhya. The SET-listed industrial estate developer said its new project on 100-rai of land in Pathum Thani province is likely to be residential and commercial to serve the rising population in the area in line with urbanisation. (Bangkok Post, 28/11/14)

PS
PS expects Bt12bn revenue in 4Q14. This will lift revenue for the year to reach its target of Bt42bn. 11M14 presales have already exceeded Bt35bn. (Kao Hoon, 28/11/14)
Comment: An absolute property manufacturing machine.

RICHY
RICHY says 4Q14 earnings will be strong, supported from the transfer of three of its condominium projects worth more than Bt900mn. This will push net profit for the year to a new high. Further, it is confident that net profit next year will continue to grow. It plans to invest Bt7bn to launch four new projects next year. (Kao Hoon, 28/11/14)

RS
RS reports a surged in its Channel 8 ratings. It announced that it will double its advertising fees to Bt50,000-100,000 per minute from Bt25,000-50,000. This will help increase the portion of revenue from its digital TV business to 90% from the current 75%. The company also said that competitors are unable to increase advertising fees as fast as it is. (Kao Hoon, 28/11/14)

SALEE
SALEE expects 2014 revenue growth of 20-30% from last year’s Bt1.05-1.20bn driven by higher sales of products in all of its business groups. It plans to list one of its subsidiaries in 1Q15. (Kao Hoon, 28/11/14)

SIRI
SIRI undertaking the inspection process on five of its condominiums with a total of 2,000 units, worth a total of Bt8.3bn, located in both Bangkok and the provinces. It said that units will be ready for transfer in 2015. (Kao Hoon, 28/11/14)
Comment: We still think now’s not the time to go back into SIRI, there’s a still a lot of things to be cleared up.

TFD
TFD better positioned after D/E ratio falls to 2x. Management plans to invest Bt1bn to acquire a factory in the UK and set up a factory and warehouse in Thailand. The company expects to sell assets worth Bt5-6bn to an REIT and hopes to sell 1600 rai worth Bt14.4bn, which boost earnings in 2015. The company expects to be in the black in 4Q14 supported by large backlog. (Thun Hoon, 28/11/14)

TRUE
TrueVisions turns to families — Pay TV operator TrueVisions expects to double its revenue to Bt20bn within two years through the expansion of its subscriber base and advertising revenue. The company’s key strategy next year would be to focus on boosting its mid-tier customer base in order to cash in on this new family segment. (Bangkok Post, 28/11/14)