AUCT
AUCT of interest to major and value investors (VI). These have slowly accumulated the shares, pushing share prices to close to ceiling. The company said there is an overflow of cars to be auctioned from the Customs Department and the second-hard market. It expects net profit to grow by more than 100% this year. (Kao Hoon, 11/09/14)
Comment: Hahaha, have to love kao hoon’s reporting quality.

CCN
First trading day — Management expects CCN to receive good response from investors on mai today, its first trading day. The company has strong fundamentals and expects a good performance as the IT business has growth potential. (Naew Na, 11/09/14)
Comment: An easy play on the first day if you received ipo shares

DEMCO
DEMCO will bid for new work worth Bt9.4bn and expects to receive Bt1-1.5bn. Plans for two of its waste power plants are expected to be finalized by the end of this year, while work in Myanmar will be concluded this month. It hopes to sign its utility concession in Laos over the next 1-2 months. (Kao Hoon, 11/09/14)
Comment: The most popular renewable play @ the moment, and with good reason too.

EASTW
EASTW is confident revenue and sales will meet target. The company is ready to launch ten plants at an investment cost of Bt3bn, focusing on Myanmar, Laos, and Cambodia. (ASTV Daily Manager, 11/09/14)
Comment: There isn’t much details on the investment plan just yet, but EASTW has been a very stable dividend payer over the years.

EUREKA
EUREKA cut 2014 revenue forecast to Bt320mn after facing political problems and auto industry slowdown. The company is confident that its business will recover and expects revenue of Bt800mn in 2015. (Kao Hoon, 11/09/14)

HMPRO
HMPRO investing Bt622mn to expand its market base in the north by opening a 23-rai Chiang Mai (Sansine) branch. It expects revenue of Bt42mn/month. (Thun Hoon, 11/09/14)

JAS
JAS continues procedures to set up infrastructure fund and is ready to report all issues to the SEC after the court denied an injunction request from TT&T. This allows JAS to claim 100% of TTTBB’s assets. The company is confident it will win the lawsuit with TT&T. (Kao Hoon, 11/09/14)
Comment: According to analysts, if JAS loses it’s fair value drops to THB 4/share, if it wins then its THB 8/share, not the best risk/reward payoff.

L&E
L&E expects stronger 2H14 than 1H14 supported by current backlog of Bt900mn, 70% of which will be booked this year. It expects revenue to grow 15-20% this year. Its new factory will be up and running next year and it expects to continue expanding in international markets to increase the share of exports to 10% of revenues by 2017. (Kao Hoon, 11/09/14)

PCSGH
PCSGH expects good revenue in 3Q14 after political problems eased and the economy has recovered. Revenue in 2014 is expected to decline YoY in line with the auto industry, but it is confident that net margin will be 20%. The company is negotiating with auto producers to get more orders. (Kao Hoon, 11/09/14)
Comment: They have the highest margins in the industry, I still have my doubts on it continuing.

RS
RS rips regulator action – RS Plc, the broadcasting rights holder for World Cup 2014, has slammed the National Broadcasting and Telecommunications Commission (NBTC) over the latter’s invoking the must-have rule in allowing TrueVisions, a pay TV operator, to broadcast the Asian Games. The must-have rule says seven major sporting events must air on free TV – the World Cup, Asian Games, Asian Paragames, SEA Games, Asean Paragames, Olympics and Paralympics. (Bangkok Post, 11/09/14)
Comment: The NBTC is having a field day, first chasing BEC and now RS.

RWI
RWI open for IPO share subscription until 12 September. Management said it has robust fundamentals and will trade on mai on 18 September. (Kao Hoon, 11/09/14)

THAI
Board: liquidity good, can survive until March 2015 after it cut some flights, expenses and put off the delivery of two aircraft. It expects tourism to recover in 4Q14 and that will put it in the black. (Kao Hoon, 11/09/14)
Comment: It still needs to raise capital.

TKS
Net profit expected to hit record high this year, driven by orders. Revenues are expected to grow by 15% YoY to reach Bt1.7bn. The company plans to expand in packaging through acquisition. It will also partner with a foreign partner to build a new factory for publishing – it expects a conclusion by the end of this year. (Kao Hoon, 11/09/14)

TNDT
TNDT signing an MOA with Shan state in November and it is confident that the construction of its 20MW coal power plant in Myanmar will proceed as planned. It will invest more than Bt1.7bn in the power plant and take 55%. (Kao Hoon, 11/09/14)
Comment: This is amazing news for TNDT!

TRUE
CMI upbeat about mobile potential – China Mobile International Ltd (CMI), the new strategic partner of True Corporation, has expressed confidence in the rapid growth of the local telecommunications and broadcasting industries, which could account for 3% of GDP this year. CMI chief executive Li Yue and True chief executive Suphachai Chearavanont visited the National Broadcasting and Telecommunications Commission (NBTC) to ask for more information regarding regulations including the Telecommunications Business Act and Foreign Business Act, which allow a maximum 49% foreign ownership of telecoms. (Bangkok Post, 11/09/14)