AQUA
AQUA accesses warehouse business via 69% in TCDC worth Bt475mn. It aims to increase recurring income and will list it in stock market in the future. Its board has given permission to raise funds via private placement priced at Bt1 per share. (Khao Hoon, 04/06/14)
Comment: Look at adding this name to your watchlist, because with an upcoming IPO, its going to be loved by every retail punter out there.

CHO
CHO may increase revenue and net profit target of Bt1.2bn and Bt100mn, respectively, in 2H14, if National Council for Peace and Order sets up an auction for postponed projects. (Bangkok Biz, 04/06/14)

EUREKA
EUREKA maintains 2014 revenue growth of 5% YoY and expects the auto industry to recover in 2H14. It is negotiating for additional orders worth Bt100mn, to concluded in June-July. (Khao Hoon, 04/06/14)
Comment: An auto parts manufacturer on a smaller scale, it should, along with every other manufacturer, perform better next year on a YoY basis.

GCAP
Steady rise in profit — GCAP, providing hire-purchase services, expects profit to continue to increase, especially in 2H14, the harvest season. It expects revenue from loans to increase. (Khao Hoon, 04/06/14)

GUNKUL
Okayed to buy rest of WED — GUNKUL’s board has okayed Bt373.72mn to buy the remaining Bt31.56mn WED shares from IEA to give it 100%. Its 60MW wind power plant will be finished and begin to sell electricity in December 2015, providing sharp revenue growth. (Khao Hoon, 04/06/14)
Comment: GUNKUL is doing a very well in moving along its business model from a pure EPC contractor to a equity investor in renewable energy projects

IVL
IVL buys 100% of PET factory, Artenius TurkPET, with 130 thousand tons capacity in Adana, Turkey, targeting to expand in European, Asian, and Middle eastern markets. (Khao Hoon, 04/06/14)
Comment: The acquisition of machine that is IVL has begun roaring again this year, little do people realise that this is the largest company in its field in the world

KBANK
KBANK offers package to assist SMEs — KBANK has cut lending rate for small and medium-sized enterprises by three percentage points for three months. The move is aimed at relieving their financial burden and help them to withstand the sluggish economy. (Bangkok Post, 04/06/14)

LH
Evaluating community mall — LH is considering setting up a community mall in a good location on land of 11 and a half rai close to the Chaopraya river in Bangpho. The project is near the Blue Line, Bang Sue-Tha Phra. Earlier it had planned to simply build a condo there. It will make its decision in 3Q14. (Prachachat Turakij, 04/06/14)

LIT
LIT expects 2Q14 to be better QoQ and is confident that revenue, net profit, and loan portfolio will grow 30% YoY, supported by clearer view from government. It expects recovery in 2Q14, in line with the economy. (Khao Hoon, 04/06/14)

NOK
Nok Air wins approval for in-flight WiFi – Low-cost airline Nok Air, whose operations are mainly domestic, has received approval from the telecom regulator to offer in-flight broadband connectivity and voice calls for passengers. (Bangkok Post, 04/06/14)

PJW
PJW plans revenue growth of 10-15% p.a. over next three years and expects gross margin of 15-18%. It is ready to focus on sales from its spray color business. It plans to reach Bt800-1000mn in sales in five years. A new order will support revenue and profit. (Tun Hoon, 04/06/14)

PYLON
PYLON expects revenue of more than Bt1.2bn and has backlog of Bt950mn. It expects easing political problem will be positive for construction and aims to bid for additional projects worth Bt1.5bn, getting 20-30%. (Khao Hoon, 04/06/14)
Comment: Will construction companies roar again with political issues subsided?

QLT
QLT maintains revenue growth of 5-10% YoY in 2014, even though 2Q14 revenue will shrink from 1Q14. It is confident that gross margin will be at least 20% and has backlog of Bt320mn, of which will book Bt280mn in 2014. It plans to invest Bt30-40mn. (Tun Hoon, 04/06/14)
Comment: I’ve always liked the business of QLT, but it isn’t very scalable, a safe yielding dividend play should the price ever fall.

RATCH
RATCH borrows Bt4.77 for Navanakorn power plant and will set up a 122MW power plant in 3Q14. It plans COD in 2016. (Khao Hoon, 04/06/14)

TCCC
Relief after farmers paid — TCCC will do better after the NCPO paid rice farmers. This will help 2Q14 sales to grow sharply from Bt3.98bn in 1Q14. It aims at a 25-30% fertilizer market share and expects revenue growth of 30% YoY in 2014. (Tun Hoon, 04/06/14)

THCOM
To provide wifi in the air — THCOM will facilitate the wireless internet service on airplanes via satellite for airline clients at home and within ASEAN. (Khao Hoon, 04/06/14)