BAY

BAY keeps 7-9% loan growth aim – Bank of Ayudhya (BAY), the country’s fifth-largest lender by assets, is maintaining its lending growth target at 7-9% this year despite sentiment improving after the military coup ended the political impasse. The new signs have not had a clear impact on loan growth as it is the first stage of restoring confidence, said chief executive Noriaki Goto. (Bangkok Post, 09/07/14)

Comment: BAY has continued to re-rate on the back of the MITSU takeover.

CGD

Board member boosts personal holdings — Sadawut Taechaubol purchased 350mn shares of CGD at an average price of Bt1.3 via big lot, increasing his holding to 17.5% from 12.61%. Business is expected to recover, particularly after the setup of REITS late in the year. (Khao Hoon, 09/07/14)

Comment: Always a positive to a major shareholder boost their holdings

GOLD

Golden Land aiming to strike it rich – GOLD plans to spend Bt5bn to develop FYI Center, an office and hotel project in Bangkok, and aims to break even in 10 years. As the location near Soi Phai Singto in Klong Toey is off the central business district, office space at FYI will tap the grade B segment, while the hotel with 239 rooms will offer accommodation for Bt2,500-3,000 per night, said president Thanapol Sirithanachai. (Bangkok Post, 09/07/14)

Comment: I still think that the office market is incredible robust in Bangkok, GOLD’s value is in its assets more than anything else, because based upon profitability you can’t justify these levels.

GUNKUL

Resignation will not affect operations — GUNKUL says the resignation of Mr. Sombat Santijaree will not affect its business operations and that recent share price drop was simply moving with the sector. It says that that business will continue expanding as planned and that revenue this year is expected to grow by 50% from last year’s Bt3bn. (Khao Hoon, 09/07/14)

KTC

Expects profit growth YoY — KTC’s management expects profit this year to surpass last year’s Bt1.3bn and plans to pay a high dividend. It also targets credit card usage to grow by more than 15% and expects personal loan NPLs to be no more than 1%. (Khao Hoon, 09/07/14)

Comment: The turnaround continues for KTC

LH

LH said presales in 1H14 exceeded Bt15bn. It plans to launch 11 new projects worth Bt14bn to help push its presales up further to reach its target of Bt32bn. (Tun Hoon, 09/07/14)

MALEE

MALEE expects high revenue growth in 2Q14 after a full quarter of revenue from two new clients. It is ready to negotiate with four new clients about CM work and expects the deal to be concluded soon. It is confident in revenue growth of not less than 15% YoY in 2014 with gross margin of 30%. (Tun Hoon, 09/07/14)

Comment: The firm has come a long way in the past few years as a contract manufacturer

MPG

Begins trading again today — MPG will begin trading today. It says fundamentals are strong, with a profit for the past nine quarters. It expects 2014 revenue of Bt1bn after from new business and expects a big deal from overseas to boost value. It expects to trade at a price above Bt10. (Tun Hoon, 09/07/14)

Comment: Well its currently @ 3.06 as of writing.

NOBLE

Campaign is a success — NOBLE reports that its “Noble Ploenchit at the forefront of life” campaign was a success. Customers and investors bought its Noble Ploenchit condo project for over three days, driving presales to exceed its target of Bt800mn. (Khao Hoon, 09/07/14)

NYT

NYT in JV with foreign company to set up new harbor in Indonesia, getting in on the buildup of production by auto manufacturers for export. CEO Theparak Leungsuwan says the company has invested Bt100mn to buy additional land to add more A5 area that will supply long-term income. It expects net profit growth all quarters in 2014 boosting 2014 net profit to a record high. (Tun Hoon, 09/07/14)

Comment: Oh my, if they can do Indonesia on top of expanding in Thailand, the value of this firm can continue to increase.