BAY
Bank of Ayudhya launches new corporate credit, aiming at three key businesses, i.e. car dealers, tire dealers and electrical appliance dealers. The key selling point is to waive collateral and give a high credit line to accommodate the value chain of the businesses. (Thun Hoon, 03/02/15)

BTS/AEONTS
BTS joins with AEONTS to launch joint Rabbit card via its subsidiary, BSS Holdings. Both parties will sign an agreement for the launch of a new smart card, AEONT-Rabbit. The company also plans to securitize its assets worth Bt5bn and expects the South Green Line to be concluded in April with a joint ticketing system agreement to be signed next week. (Khao Hoon, 03/02/15)
Comment: This is an amazing step for the Rabbit card, if BTS is able to link the Rabbit card with several major cards/consumer cos etc etc it could become the Oyster/Octopus card for Thailand – then again I’ve heard the government say they have another plan in mind.

CENTEL
No room cancellations — CENTEL says there were no room cancellations after the bomb in the center of Bangkok and expects revenue growth at 15% YoY this year. (Post Today, 03/02/15)

CK
Xayaburi project ‘to supply power on schedule in 2019 – Ch Karnchang is confident that the 1,285-megawatt Xayaburi hydropower project in Laos will begin supplying electricity commercially on schedule in 2019 after a river-diversion ceremony hosted by Thailand’s largest contractor and the Laotian government took place last month. (The Nation, 3/2/15)

CKP
CKP targets revenue growth of at least 5% this year and eyes more acquisitions in the energy business. It said that the hydropower plant project at Xayaburi has reached 43% completion. (Khao Hoon, 03/02/15)

DEMCO
DEMCO to sign MOU with Laos government to study an underground cable this Friday and then the company will sign a 15-30 year contract to provide infrastructure. (Thun Hoon, 03/02/15)
Comment: The management of Demco does realise that they have to go looking for revenue growth outside of Thailand once all the renewable projects that they are involved in are completed.

HEMRAJ
Fire won’t hurt confidence — HEMRAJ believes the fire at Hemraj Industrial Estate in Rayong will not hurt the confidence of existing customers and new clients. (Khao Hoon, 03/02/15)

JMART
Sale of shares won’t affect operations or strategy — JMART says the big-lot sale of 60mn shares by major shareholders will not affect the company’s strategy or operations. It expects revenue growth of 10% this year and plans to list its subsidiary by mid-2015. (Krungthep Turakit, 03/02/15)
Comment: JMART as a group does have to raise a substantial amount of capital to continue growing.

KBANK/CPALL
KBANK and CPALL to launch “Debit Kasikornthai 7 PURSE card” that is positioned to be a multipurpose universal debit card for customer convenience. They plan to launch this card in March and expect 1.0mn clients. (Thun Hoon, 03/02/15)

MBK
MBK to invest Bt2.4bn over the next two years: Bt1.0bn for a shopping mall, Bt400mn for A food center and Bt.1.0bn for ITS real estate business. It expects revenue to hit Bt10bn this year. (Post Today, 03/02/15)

NUSA
NUSA to set up subsidiary with one of the biggest contractors in Thailand, expected in February, to develop a new project. (Thun Hoon, 03/02/15)

PS
PS targets revenue of Bt47bn in 2015, up 12% YoY from Bt42bn in 2014. It will open 70-75 new projects with total value of Bt55-61bn and has Bt34.5bn backlog. (Khao Hoon, 03/02/15)

SIRI
To launch condo JV with BTS in May — SIRI says that it will launch a JV condominium project with BTS (Bt5.0bn) in May. The company expects revenue in 2015 of Bt35bn. It will receive cash of ~Bt800mn after investors exercise their rights on SIRI-W1 which it plans to use for working capital. (Khao Hoon, 03/02/15)

TRT
To sign 5-year contract for Hongsa — TRT’s management says that it will sign a 5-year Bt1.3bn contract dealing with the power plant at Hongsa. The company will start to recognize revenue by late February. It will finalize a project with its Chinese partner soon and believes earnings will turnaround this year. (Thun Hoon, 03/02/15)
Comment: A positive step for TRT that has been struggling because of the lack of government contracts in the past 2 years