AOT
AOT proposing infrastructure fund — AOT will meet with the Ministry of Finance and the SEC next week to discuss setting up an infrastructure fund in order to raise Bt60bn for the construction of Suvarnabhumi Airport phase 2. It expects a decision to be made by December. Brokers and banks are lining up to offer themselves as financial advisor. (Kao Hoon, 05/11/14)
Comment: Random thought – what about an infrastructure fund for Airplanes – perhaps the only way for Thai Airways to make a profit.

ARIP
ARIP confident in net profit this year, despite the earnings loss in 1H14, since it expects to start booking revenue from its television show on digital TV channel TNN in 3Q14 and also host the Commart exhibition this November. It said that it is in the middle of negotiations to invest in digital content. (Kao Hoon, 05/11/14)

ARROW
ARROW preparing to release 3Q14 financial statement next week. The market expects better 3Q14 net profit QoQ from 2Q14’s Bt29mn. Management is confident that revenue growth will be 15% YoY in 2014 due to demand from construction services. The company is ready to bid for additional projects to support backlog. (Thun Hoon, 05/10/14)

EVER
EVER’s board approves Bt150mn investment to acquire three medical-related companies. The company reported a net loss of Bt14.6mn in 3Q14 as revenue declined and operating cost increased. (Kao Hoon, 05/10/14)

MAX
New independent financial advisor — MAX reports that it has asked an independent financial advisor to estimate the asset value of MAX and Siamese Asset. It expects this to wind up in November. The company is ready to follow the SEC’s ruling and expects shareholders to approve this deal. The SET continues to suspend MAX with NP sign as it has to comply with the backdoor listing rule. (Kao Hoon, 05/10/14)
Comment: The reason for this is most likely because they didn’t like what the original FA! Regardless, it is a backdoor listing for a property company called Siamese Asset, they already purchased the shares @ 0.05 (have a look @ the company’s releases)

MBK
MBK expects growth in 3Q14 and 4Q14 following the end of the political problems. It expects earnings for the whole year to rise from last year’s. It said it is raising its rental rates by an average of 4-5% per year. It should also receive indirect benefit from the opening of the AEC. (Kao Hoon, 05/11/14)

MLINK
Pol.Gen.Somyos Poompunmuang daughter buying another 150mn shares of MLINK, making her the major shareholder with 7.9% ownership. Management expects a capital increase of Bt1.35bn and aims use the funds to repay debt of Bt600mn from two financial institutions and invest to support business growth. (Kao Hoon, 05/10/14)
Comment: Just have to love how the families of police generals somehow have tonnes of cash.

PSTC
PSTC to apply for CODs for seven more biomass power plants with a total capacity of 6.93MW. It has received a COD for the solar PV rooftop of 980kW in Samut Songkhram. (Kao Hoon, 05/11/14)
Comment: It’ll have a small impact on the company.

RWI
RWI partnering with a major concrete manufacturer to prepare for the production of concrete railway sleepers for the double track railway worth billions of baht. It expects production to start in 2018 and targets taking at least 25% of the market. (Kao Hoon, 05/11/14)
Comment: This would explain why the stock price has been going through the roof.

SAMTEL
SAMTEL to bid for projects worth Bt8.2bn in 4Q14 to lift backlog to over Bt10bn. The company expects to book large revenue in 2015 and expects growing 4Q14 earnings as it will book Bt800mn from CUTE project worth Bt2.3bn. (Thun Hoon, 05/10/14)

SGP
SGP reports higher demand and price for gas in 3Q14. It will release 3Q14 financial statement on 11 November. The market expects a profit after a net loss of Bt96mn in 2Q14. The company maintains its revenue growth of 13-14% YoY supported by new clients. (Thun Hoon, 05/10/14)
Comment: A stock well loved by punters, I’ve heard rumours left right and center about this, but the fact remains its a trading co in LPG, and you simply have to track the LPG price to see how its earnings will turn out.

SPORT
SPORT joins with Inspire Entertainment Co., Ltd to invest Bt280mn to organize the “Bangkok International Auto Salon 2015”. It expects 700,000 visitors. (Kao Hoon, 05/11/14)

TCAP
TBank’s car loan demand remains slow – Automobile loan demand will continue to be lukewarm until the end of the five-year lock-up period for cars bought under the Yingluck Shinawatra government’s first-time buyer scheme, says a Thanachart Bank (TBank) senior executive. “The situation will return to normal in 2016, when the lock-up period of the first time car buyer scheme expires,” executive vice-president Praphan Anupongongarch said. (Bangkok Post, 05/10/14)