AOT
Board gives nod to Phase 2 first-stage expansion plan — The board of the Airports of Thailand (AoT) has approved the plan for the first stage of the Phase 2 expansion of Suvarnabhumi airport that is estimated to cost a total of Bt66bn. The first stage of the expansion consists of three construction projects. The first project is the Bt18bn construction of 28 aprons, eight of which are designed to accommodate Airbus A380 planes, the second is a reserve runway and the third is construction of a second passenger terminal. The plan should win cabinet endorsement by December before the terms of reference are drafted and a bid is called to find the contractors within the fourth quarter of next year. (Bangkok Post, 29/10/14)
Comment: This has been a positive for AOT’s stock price because the expected capex was less than initially expected, without a doubt AOT has to expand Suvarnabhumi because of capacity constraints

CBG
SEC approves CBG filing for IPO offering of 250mn shares. CBG aims to use the funds to repay debt, business expansion, and working capital. The company is ready to enter the CLMV market. (Kao Hoon, 29/10/14)

CHO
CHO standing by to bid for project to build NGV buses. It already has a ship building project. The company expects sharp earnings growth in 3Q14 due to high season. The company also expects new high performance with revenue of Bt1.2bn and net profit of Bt100mn supported by backlog of Bt800mn. (Kao Hoon, 29/10/14)

DCC
DCC’s board approves 3Q14 DPS of Bt0.67/share XD 11 November. Earnings fell on a YoY basis to Bt271.69mn in 3Q14 as sale volumes were cut by closure of a kiln for maintenance. The company plans to split par to Bt0.1/share from Bt1/share. (Kao Hoon, 29/10/14)
Comment: The par split will make the stock price attractive to retail investors (I’ve never really understood this phenomenon) but DCC was a strong performer in the past decade with upcountry Thailand developing, the decline in soft commodity prices have hurt purchasing power in their core markets.

IRPC
IRPC sets investment budget of Bt10bn in 2015. It will invest in a UHV project and increase polypropylene production capacity by 300,000 tons p.a. The company said it is hard to estimate 4Q14 earnings given the fluctuations in global oil prices. (Kao Hoon, 29/10/14)

KTIS
KTIS enjoying sharp growth in sales volume and price of ethanol. The company expects to sell 67mn liters in 2014 using byproducts from its operations. The company is preparing to create a value added product to grow its ethanol business. (Kao Hoon, 29/10/14)
Comment: It’s the sugar business, no surprises here.

SENA
SENA to launch marketing campaign for clients in three projects on 2 November. The company expects to boost presales in 4Q14. (Kao Hoon, 29/10/14)

SPALI
SPALI expects better 3Q14 revenue than 1H14 of Bt5.88bn. The company targets revenue of Bt22bn in 2014 and expects a new high for earnings in 4Q14 as it will book revenue from backlog of Bt7bn in 4Q14. The company has total backlog of Bt40bn and expects revenue of Bt23bn in 2015. (Kao Hoon, 29/10/14)
Supalai plans projects Down Under — SET-listed developer Supalai Plc (SPALI) and its Australian real estate partner Satterley Property Group have made plans to develop two single house projects in Melbourne. (Bangkok Post, 29/10/14)

SSC
SSC to book revenue of Bt4.4bn from Est sales and land. These will lift 2014 to the black. (Kao Hoon, 29/10/14)
Comment: Its one time gains, I wouldn’t be surprised to see SSC go back into negative territory again.

TRUE
True plots to zoom ahead in 4G race – True Move, Thailand’s third-largest mobile operator, is racing ahead to lead Thailand’s fourth-generation mobile market with plans to spend Bt4bn next February to launch the upcountry phase of its nationwide 4G network roll-out. (Bangkok Post, 29/10/14)

TSE
Former shareholder, Paiboon, filing lawsuit against SEC with the administrative court for not putting the IPO offering on hold as the lawsuit against the Maleenont family is still in the courts. TSE is still preparing for its first trading day on 30 October. (Kao Hoon, 29/10/14)

WORLD
WORLD expects to resume trading in early 2015. The company believes there is potential for growth in the education business. It reported FY2014 (June 2013-May 2014) net profit of Bt269mn, +29% YoY, and net profit of Bt657mn, +21% YoY. (Kao Hoon, 29/10/14)