AOT
AoT: Politicians need not apply for top job – Airports of Thailand Plc (AoT) began the process of seeking a new chief executive yesterday with the new prerequisites barring applicants with political affiliations. (Bangkok Post, 14/10/14)
Comment: Well thats a positive first step

BANPU
BANPU studying coal power plant expansion through a second unit for BLCP. The company reported that it has potential to add 1,100MW in the existing area but has to wait for a new PDP. (Kao Hoon, 14/10/14)
Banpu sees flat coal sales – SET-listed Banpu Plc expects zero growth in coal sales this year, says chief executive Chanin Vongkusolkit. Last year, the company sold 48 million tonnes of coal. The company is maintaining its full-year revenue target of US$3bn because coal prices have bottomed out and remain at the acceptable level of US$70/ton. (Bangkok Post, 14/10/14)

BH
BH expects 3Q14 net profit to be record high upon recovery in foreign patient volume. The company expects revenue will reach Bt4bn to a record high in 3Q14 after gaining more revenue from UBSM in Mongolia. It expects total revenue growth of 7% YoY in 2014. (Thun Hoon, 14/10/14)
Comment: Tourism down? Doesn’t look like it by the #’s that BH is going to be pushing out. Over half of BH’s revenue’s comes from foreign patients.

DRT
DRT expects declining performance in 3Q14 despite a slow recovery in the economy and purchasing power. The company expects a slowdown in construction material sales, though the government is working to stimulate the economy. (Kao Hoon, 14/10/14)

FSMART
FSMART starts trading today and its price is expected to close at more than Bt4/share due to solid fundamentals. Management is confident that the share will trade above its IPO price of Bt2.5. It will use the IPO funds to add new top-up vending machines to total 55,000 in 2015 from currently 40,000. (Kao Hoon, 14/10/14)
Comment: Its opened up +140% for the day, I still like the business here, but these prices are .. well.. to be expected given the way IPO’s have performed.

HMPRO
HMPRO invested Bt66mn to renovate the branch in Market Village Hua Hin. It is ready to launch a 70% discount campaign after renovation during 10 Oct – 5 Nov, expected to generate revenue of at least Bt60mn/month. (Kao Hoon, 14/10/14)

HEMRAJ
HEMRAJ announced 9M14 land sales of 522 rai with 31 contracts. Of these, 21 are new clients and 10 are current clients. Japanese clients account for 39% while auto companies account for 25% of the total. (Kao Hoon, 14/10/14)
Comment: The political problems had delayed any new investment in Thailand, but HEMRAJ’s numbers are now driven more so by utilities versus land sales.

IVL
IVL expects record high revenue in 4Q14 as it will start to book revenue from new plants in Indonesia and Poland, which add production capacity of 80,000 tons. (Kao Hoon, 14/10/14)

NPARK
Share swap to help BTS expand property biz — Mr. Kiri Kanchanapas said the reason behind the share swap for NPARK is to help expand the real estate business for BTS group. He said that once the deal is completed, he plans to change the structure of the board members for long term purposes. NPARK will start managing assets starting with a total value of Bt10bn, which should help reshape the company into a more fundamentally strong stock. (Kao Hoon, 14/10/14)
Comment: It’s a clever move by BTS, and an even better move for NPARK, perhaps the company will finally be worth something again

PREB
PREB obtains condo construction in Pattaya worth Bt600mn and hope for new projects worth Bt2bn, half expected to conclude in 2014. The company maintains revenue of Bt6.8bn in 2014 and is preparing to issue a Bt500mn corporate bond in November. (Kao Hoon, 14/10/14)
Comment: Still the best example of a construction player expanding to condominium development

RML
RML reports 9M14 presales close to total 2013 presales of Bt5.8bn. The company is transferring units in the 185-Ratchadamri condominium . It has backlog of Bt11-12bn. It expects to launch a townhouse worth Bt1bn in late 2014 and a luxury condominium worth Bt10bn in early 2015. (Thun Hoon, 14/10/14)

TAKUNI
TAKUNI obtains a project from PTT for gas tank testing. The company continues to bid for a gas warehouse improvement project worth Bt35mn, concluded in late 2014. It is confident that sales volume will grow 10% YoY in 2014. (Kao Hoon, 14/10/14)