AOT: Expects good earnings. Airports of Thailand (AOT) expects arrivals to grow 19% this year to 85m. The company also expects 2H13 earnings to show strong yoy growth on the back of the absence of forex loss. This is because the company has swapped its yen loan to baht (worth Bt10b). (Source: Khao Hoon)

Comment: AOT had been up until 2H12 one incredibly undervalued company. But we’ve steered clear because, well, its a government owned company, fund siphoning, mismanagement of the asset is obvious…

EGCO: Acquires wind farm in Australia. The Electricity Generating Plc or EGCO Group, Thailand’s first Independent Power Producer, has an established track record of expanding its power generation portfolio in markets outside of Thailand. Sahust Pratuknukul, president of EGCO Group, said that the company’s most recent strategic investment was in a wind power project – “Boco Rock Wind Farm”, which it acquired by gaining a 100% equity interest in Asia Pacific Renewables Limited, principally owned by Continental Wind Partners, the developer of the wind farm. (Source: The Nation)

Comment: EGCO has put together an interesting portfolio, in the end though all these alternative energy investments still look too much like a pipe dream to us.

SCG: Expeditions drive 5-year plan. Siam Cement Group (SCG), Thailand’s top industrial conglomerate, aims for revenue to reach Bt600b within five years, driven by a Bt200b investment plan. Kan Trakulhoon, the president and chief executive, yesterday said with an annual capital expenditure of Bt40b, SCG expects the group’s asset value to hit Bt600b in five years’ time. The company wants to maintain a ratio of sales to net asset value of 1:1. The group anticipates a turnover of Bt435b this year, up from Bt419b last year. (Source: Bangkok Post)