AOT
Board to discuss 2nd phase investment of Suvarnabhumi airport today after Minister of Transport Prajin approved a multi-function terminal at a cost of Bt70bn instead of east building expansion. (Kao Hoon, 16/10/14)

BA
Investors interested in IPO — Its solid fundamentals have created interest in investors in subscribing to the IPO shares of Bangkok Airways. The company has set the IPO price at a range of Bt23-27 and will finalize the exact IPO price on 17 October. (Kao Hoon, 16/10/14)
Comment: Talk in the market is that BA will be IPO’ing at the low end of the price range.

BANPU
BANPU waiting for PDP 2015 to increase electricity sales. It is also considering the expansion of its capacity of its coal power plant, BLCP, by 1,100MW. It expects demand for coal to continue to grow next year, but prices will be stable due to a large supply in the market. (ASTV Manager, 16/10/14)
Comment: Basically BANPU will have to further increase their utility business, the coal business has been and will continue to be a drag on their earnings for the next few years (unless the world magically runs out of coal)

BTS/SIRI
BTS gets SIRI as “Exclusive Partner” to help develope real estate properties along the Paholyothin sky train line. The project will be worth at least Bt3bn. It will set up a joint venture company with a 50:50 structure by December 2014. (Kao Hoon, 16/10/14)
Comment: Well, “exclusive” only for that location/area, BTS has been one helluva busy company

CENTEL
CENTEL expects revenue of Bt17-18bn in 2014 after the cabinet agreed to allow taxpayers to deduct money spent on in-country tourism expected to lift its occupancy rate to 80%. The company plans to set up a new hotel in Maldives from currently two hotels to add revenue growth. (Thun Hoon, 16/10/14)

CK
CK obtains new project of Bt3.3bn from TTW to expand production capacity of tap water in Samut Sakhon, Nakornpathom, Pathum Thani and Rangsit. (Kao Hoon, 16/10/14)

FPI
Parts maker eyes Ecuador – Mai-listed Fortune Parts Industry Plc (FPI) has high hopes for its operations in Ecuador once its local auto parts factory starts production in next year’s first quarter. (Bangkok Post, 16/10/14)
Comment: I’m not too sure on the impact of this yet, but I am impressed with the idea that they are willing to expand internationally.

GOLD
Charoen seeks Bt2.2bn plot – Liquor tycoon Charoen Sirivadhanabhakdi is reportedly preparing to buy a prime riverfront piece of land on Bangkok’s Rama III Road worth an estimated Bt2.2bn baht from Krungthep Land Plc (KLand). (Bangkok Post, 16/10/14)
Comment: Another busy company, buying KLAND, an upcoming REIT and tonnes of projects along the way.

MINT
MINT sets up JV with NPARK — Minor International Public Company Limited (MINT) and Natural Park Public Company Limited (NPARK) have set up a 50/50 joint venture company, MHG NPARK Development Company Limited, to develop its first luxury resort-style condominium project in the city center of Chiang Mai, Anantara Chiang Mai Serviced Suites. MINT’s total investment is ~Bt267mn. (Minor International, 16/10/14)
Comment: N-PARK has been on the lips of retail investors non stop for the past few weeks, first the news of a PP, then BTS essentially buying it out, and now this with MINT

NCH
NCH expects 2014 revenue growth of more than 10% YoY and good 4Q14 earnings. Management said it is studying a JV with a partner. It says the cheap valuation of the company will attract investors. (Thun Hoon, 16/10/14)

PF
PF to book Bt720mn from sale of KLAND shares. It sold 359.99mn, or 20.22%, to GOLD at the price of Bt2/share after GOLD’s board approved a budget of Bt3.56bn to buy a total of 1.78mn shares of KLAND, or 100%, from existing shareholders. GOLD’s board has also approved the setting up of an REIT worth Bt10bn. (Kao Hoon, 16/10/14)
Comment: One of the main beneficiaries, as stated in a post here a month or 2 ago.

SAMART
Samart turns to bundling scheme – Samart Corporation is pursuing a bundle pricing strategy in what it claims to be the industry’s first creative promotional packages in order to grab a major share of the Bt15bn digital set-top box market. The communication equipment maker aims to realize Bt2bn from set-top box revenue over the next few months, selling 2mn set-top boxes plus 2mn antennas. (Bangkok Post, 16/10/14)

SCC
SCG splashes out for facelift — Siam Cement Plc (SCG) plans to spend Bt5.6bn on 56 new and remodelled branches of its home solution centres nationwide by 2017, targeting sales of Bt50bn during the period. (Bangkok Post, 16/10/14)

TSE
TSE can push ahead with IPO – The initial public offering (IPO) of Thai Solar Energy Plc (TSE), controlled by Channel 3’s Maleenont family, will proceed after the Criminal Court yesterday dismissed a lawsuit brought against the company by its co-founder. TSE lawyer Surachet Tong-u-chang said the court had dismissed the case because the evidence gave no grounds for criminal proceedings. (Bangkok Post, 16/10/14)
Comment: A guaranteed pop! Small name + SOLAR.