AQ
AQ plans to write off accumulated loss and is ready to start paying dividends if they can turn a profit in 2015. The firm has set a 2015 revenue target of B2.5bn and will go ahead with the launches of nine projects worth Bt8bn. (Kao Hoon, 25/02/15)
Comment: This is one turnaround story that I have my eye on, still a bit worried about the valuation at these levels though.

BANPU
The power business will become the new growth engine in 2015 for BANPU as it begins to book revenue from Hongsa, which has capacity of 1,200MW. The board also named Somradee Chaimongkul as the new CEO to replace Chanin Wongsakulkit. (Kao Hoon, 25/02/15)

BCP
BCP sets five-year capex of Bt90bn over 2015-2019 to make it a fully integrated operator ranging from refinery to retail, as well as an alternative energy producer and oil production company. (Kao Hoon, 25/02/15)

BSM
BSM announced cash plus stock dividend at the ratio of 4 old shares to 1 new share, XD April 29. The firm expects revenue growth of 20% in 2015 due to a better economic condition. (Kao Hoon, 25/02/15)
Comment: Another company doing a stock dividend – reminds me of the beginning of 2013 when a lot of firms were issuing stock dividends, if even owners feel the market is a bit frothy shouldn’t we? I do like the owners of this business, its a nice little niche they’ve carved out for themselves. 

CPALL
CPALL issues Bt18bn debenture, in two tranches. The first batch will have 2-year maturity and carry a 3.55% coupon rate and the second 5-year maturity with a 4% coupon rate. The firm also set a revenue growth target of 10%, driven by store expansion. (Kao Hoon, 25/02/15)

CSL
CSL expects revenue growth of 3-5% in 2015. The firm also expects to turn profitable this year after a net loss in 2014, without the impairment expenses seen in 2014. The firm has budgeted capex of Bt60-80mn in 2015. (Kao Hoon, 25/02/15)

CSS
CSS ready to spend as much as Bt336mn to buy Nion World shares. The company also announced a stock dividend at a ratio of 5 old shares to 1 new share following the impressive earnings growth of 113% to Bt235mn in 2014. For 2015, it has set its revenue growth target at 20-25% to Bt4.8-5.0bn. (Kao Hoon, 25/02/15)

IRPC
The Government Pension Fund (GPF) sold 880mn shares in IRPC at Bt4.16/share on the overnight market. GPF’s cost was Bt3.30/share. (Kao Hoon, 25/02/15)

MPG
MPG plans to expand into the cosmetic segment in 2015. The first branch will be launched this year under the name of Stardust” to sell cosmetic brands from Korea, Japan and Europe. The capex budget this year is Bt150mn. (Kao Hoon, 25/02/15)
Comment: Stardust? With solar in their business as well, shouldn’t they call the product solar dust?

PLANB
PLANB announced very strong earnings growth of 100% in 4Q14, bringing whole year profit to Bt200mn, driven by rising advertising revenue. (Kao Hoon, 25/02/15)
Comment: Similar to VGI, IPO’ing and then wonderful 1st year earnings, lets see how their profitability lasts over the next few years.

SAWAD
SAWAD to announce full year results tomorrow with expectation of 93% earnings growth to a record level of Bt256mn. (Kao Hoon, 25/02/15)
Comment: I bang my head against the wall with SAWAD, completely missed this one.

SORKON
SORKON set revenue growth target of 15% with plans to expand inside and outside the country. The firm said performance in 2014 would be record-high and is ready to pay a dividend of at least 50% of its profit. (Kao Hoon, 25/02/15)
Comment: The largest fishball manufacturer in the world!

THCOM
THCOM expects the revenue growth of 5-7% in 2015 driven by the revenue from Thaicom 7 and Thaicom 6. It plans to launch three more satellites. (Kao Hoon, 25/02/15)

TLUXE
TLUXE signs contract with partner Nutrik to boost feed production by another 40,000 tons per year. With this capacity increase, the firm expects revenue of Bt3bn in 2015. (Kao Hoon, 25/02/15)

TRC
TRC reported a 2014 net profit of Bt215mn, up 70%. The company plans to set up a joint venture company with China Railway to bid for projects from the State Railway of Thailand (SRT). The company also revealed that it is planning to bid for the design and build contracts for the potash project worth Bt35bn. (Kao Hoon, 25/02/15)
Comment: The value here recently has been its holding in the potash mine.