AOT
Waiting for cabinet approval — AOT is waiting for cabinet approval of the backup runway project with Multi-Function Terminal with an investment budget of Bt48bn. The PM has confirmed that the government wants AOT to set up an infrastructure fund to help finance its projects. The company’s board meeting will be held on January 21 and final conclusion is expected to be reached then. (Kao Hoon, 14/01/15)
Comment: This is going to keep AOT’s stock price high and every bank is going to falling over their feet to get their hands on the infrastructure fund.

AQUA
Denies claim by NMG — AQUA released a statement yesterday saying that the claim by NMG has no basis. The company’s operating performance has been stable and is still growing in contrast to NMG’s operating performance, where earnings have plunged by 77%. AQUA said that NMG claims were intended to damage AQUA’s reputation for NMG’s own benefit. (Kao Hoon, 14/01/15)
Comment: This shareholder fight is becoming quite funny. NMG vs SLC vs AQUA. No wonder drama shows are so popular in Thailand

BKD
BKD expects revenue this year to grow by 20-30% supported by its backlog of Bt2bn. It expects the proportion of revenue from the private sector to increase to 50% from 30%. It revealed that it has won a project to develop a housing project in Cambodia worth more than Bt500mn. (Kao Hoon, 14/01/15)

CGD
CGD’s first REIT to target foreign assets – SET-listed Country Group Development Plc (CGD) plans to set up its first real estate investment trust (REIT) in the first quarter in a bid to acquire foreign assets. The planned REIT will acquire the Anchorage Point data centre in London for Bt1.3bn. It reportedly is worth Bt1.35bn and generates annual revenue of Bt100mn. (Bangkok Post, 14/01/15)
Comment: It does sound very interesting, I do hope that the REIT is successful as it’s a positive for the entire capital market here in Thailand

DEMCO
DEMCO: WEH will have no impact on the company’s performance and said that it the shareholder structure on who will take the place of Mr. Noporn Suppipat should be cleared within three months. DEMCO announced that it has Bt4.2bn of backlog on hand and that it expects the value to grow to Bt11bn this year supported by new projects. It believes that revenue will reach Bt6bn this year. (Kao Hoon, 14/01/15)
Comment: Demco’s share price has recovered as expected and I still expect to see WEH IPO this year.

EA
EA expects net profit this year to exceed Bt3bn supported by the booking Bt1.4bn revenue from its 90MW Lampang solar farm. Commercial operation date is expected by January. (Kao Hoon, 14/01/15)

GEL
GEL says revenue this year will grow by at least 30-40% as it expects its precast factories to run at full capacity starting 2Q15. It also plans to increase its production capacity by 1mn/sqm per year. It set a target for precast sales of 600,000-700,000 sqm per year and plans to reach out to new clients in the real estate sector. It is also undertaking a study to be a supplier for one of the contractors that will bid for a government project. (Thun Hoon, 14/01/15)
Comment: I’m curious about this company just because of its sales growth.

GOLD
Golden Land plans B12.3bn starts this year – SET-listed Golden Land Property Development Plc plans to launch 13 new residential projects worth a combined Bt12.3bn in 2015. The company expects revenue to more than double after its acquisition of property developer Krungthep Land (KLAND) late last year. (Bangkok Post, 14/01/15)

SEAOIL
SEAOIL plans to acquire more oil fields after the fall in oil prices will allow it to buy the fields more cheaply. It said it is in discussion with 2-3 companies and will use cash on hand, bank loans and a capital increase to finance the acquisition. In 2015, it expects profit to grow by 20% supported by its diversification into upstream projects like oil exploration and drilling. (Kao Hoon, 14/01/15)

SC
SC announced that revenue this year will grow no less than 10% supported by its current backlog of more than Bt10bn on hand. The company plans to launch seven projects with a total value of Bt14bn targeted at the premium market. (Thun Hoon, 14/01/15)

STEC
STEC is confident that profits this year will be better than last year’s supported by its Bt51bn backlog on hand. It targets to win Bt30bn in new work this year. (Thun Hoon, 14/01/15)

TRC
TRC to propose dividend to the board sometime in 1Q15 after profit surged in 2014. The company said it will pay no less than 40% of its profits. The CEO is confident that earnings will grow another 20% this year driven by high orders of work lined up. The company plans to bid for new projects worth Bt5bn to help increase its current backlog of Bt4bn, which should help support revenue through 2016. (Thun Hoon, 14/01/15)

TTCL
TTCL expects to win the bid for a 1280MW coal power plant worth US$2.6bn in Myanmar within 2015. It plans to list one of its subsidiaries on the Singapore stock market. This year, revenue is expected to grow by 20%. (Thun Hoon, 14/01/15)