AOT

New taxiway: concrete, not asphalt — The CEO of AOT said that the company plans to instead use concrete instead of asphalt for the taxiway for Suvarnabhumi airport. It believes the cost will be lower, and it will save on maintenance costs. Management admits to an ongoing problem of water damage on the asphalt surfaces. (Khao Hoon, 17/04/14)

Comment: That’s rubbish, concrete is by far more expensive than asphalt, however yes annual maintenance costs will be lower but not due to the raw material itself.

BCH

BCH: 1Q14 revenue growth above 15% YoY, despite the political situation. It expects revenues this year to hit its target growth of 15%. It will also invest Bt920mn to open one new clinic and one new hospital within this year. (Khao Hoon, 17/04/14)

Comment: The biggest issue is the WMC for BCH, once that stops losing money then it will begin to perform well.

NOK

NOK reports cabin factor in 1Q14 at 80% from 84% in 1Q13, pressured by the political situation. Management expects a better performance in 2Q14 after the government lifted the state of emergency and Songkran holiday boosted passenger traffic. It aims at a cabin factor at not-less-than 80%. (Khao Hoon, 17/04/14)

Comment: Even this political rubbish only resulted in a slightly decrease in cabin factor, won’t airlines be a good rebound play?

PTT

PTT reduces investment budget by 30% – PTT Plc, Thailand’s top energy firm, has announced it will cut this year’s investment budget by as much as 30% to Bt60bn due to ongoing political unrest delaying new projects. (Bangkok Post, 17/04/14)

TISCO

TISCO reported 1Q14 net profit of Bt934mn, down 19% YoY. Its NPLs increased to 1.89% but it reduced loan loss provisions. (Khao Hoon, 1/4/14)