AP
AP readies wave of new developments – SET-listed developer AP (Thailand) Plc, feeling more upbeat about the country’s economic recovery and the government’s economic stimulus policies, plans to launch at least 17 new projects worth a combined Bt23bn in 2015. (Bangkok Post, 24/10/14)

BANPU
Banpu targets boost in coal sales – Banpu Plc plans to increase its coal sales to 50mn tonnes next year from this year’s estimated 48.5mn tonnes. Chief executive Chanin Vongkusolkit yesterday announced his company would also next year increase annual output at its Gaohe coal mine in China by 1mn tonnes to a total of 9mn tonnes. This year’s output at Gaohe is expected to be nearly 8mn tonnes. (Bangkok Post, 23/10/14)

CGS
SEC approves change into a holding company. To complete it, there will be a share swap between CGS and CGH for current shareholder of CGS during 22 Oct – 25 Dec. CGS’s shareholders will receive warrants at a ratio of 3:1 (3 current shares: 1 warrant) when they swap for the shares. (Kao Hoon, 24/10/14)

DALL
DAII to sell 30mn IPO shares and list on the mai. The company filed with the SEC on 20 October and expects to use the funds to increase production capacity. (Thun Hoon, 24/10/14)
Comment: Same story, small IPO great first day bounce.

GRAMMY
Grammy, GDC pair up in virtual world – GMM Grammy Plc, the country’s largest entertainment firm, has launched its new virtual networking platform in collaboration with IT provider GDC to cash in on the proliferation of online advertising. GDC managing director Surasak Areesawangkit said Grammy invested Bt30mn to develop the virtual platform, which will strengthen the bond between Grammy and fans in a technologically advanced world. (Bangkok Post, 24/10/14)

GUNKUL

GUNKUL bidding for both domestic and foreign projects with combined value of Bt3-4bn, expecting to obtain 30% of these in 4Q14. The company targets revenue of Bt3bn in 2014 and revenue growth of 10% YoY in 2015. (Kao Hoon, 24/10/14)
Comment: GUNKUL is willing to forego margins in exchange for holdings in the renewable power projects that they built

IEC
IEC’s board approves issue of 40bn common shares at Bt0.036/share to be privately placed with three investors. The company expects to raise Bt1.4bn that it will use to develop renewable power plants. (Kao Hoon, 24/10/14)
Comment: Rumours say that yes renewable power plants will be developed, but that it will also be a holding co for new investments in multiple businesses

MAX
Board approves issue of 1.98bn at rights at Bt1.3/share. The company will use the funds to enter the property development business with 100% of Siamese Asset’s shares. It wishes to diversity its and expand revenue. Management expects this subsidiary will contribute both revenue and net profit in 2014 and will launch many condominium projects soon. (Thun Hoon, 24/10/14)
Comment: A quick google search shows that Siamese Asset has a tonne of projects that have been developed or will be developed, but to me, it looks like everything is priced in.

PRIN
Prinsiri plans big Nakhon Pathom project – Medium-sized SET-listed developer Prinsiri Plc (PRIN) plans to launch only two new projects worth a combined Bt4bn next year, one of which will be a huge residential scheme on a 99-rai site in Nakhon Pathom. (Bangkok Post, 24/10/14)

SCC
SCG in Bt250bn splurge – Siam Cement Group (SCG) has earmarked Bt200-250bn for a new five-year investment budget starting next year and is eyeing investment in a tech company in Europe. Chief executive and president Kan Trakulhoon said the final amount was likely to surpass that of the five-year budget ending this year. The last time around, it was Bt250bn including mergers and acquisitions (M&As). (Bangkok Post, 23/10/14)

SIRI
SIRI books revenue of Bt7bn in 3Q14. It is selling 3.6bn common shares at Bt1.3/share to existing shareholders during 27-31 October. (Kao Hoon, 24/10/14)
Comment: A running joke at the beginning of the year was which property firm was going to go under, SIRI was on the list because of the lack of funds necessary to develop all their properties, but with the increase in capital it looks like they staved off bankruptcy

TKS
TKS says 3Q14 better QoQ and expects its peak performance to be in 4Q14 when it will book revenue from 7-Eleven’s stamp promotion and set-top box coupons. The company has backlog of Bt300-400mn and will bid for additional projects. It expects revenue of more than Bt1.6bn. (Thun Hoon, 24/10/14)