BBL
BBL approves loan of Bt7bn to MILL for the acquisition of a steel business in Thailand. It also sold shares of TSI to MILL for Bt220mn. MILL’s board has approved a capital increase of Bt1.5bn to restructure its company and expand its businesses. (Kao Hoon, 10/10/14)
Comment: It is very rare in Thailand for company to declare bankruptcy. Banks seem to go out of their way to always ensure that their customers stay afloat. Good? Bad?

BSM
BSM maintain revenue growth of 10% YoY and net profit growth of 30% YoY in 2014. The company has split par value from Bt0.5/share to Bt0.1/share to increase stock trading liquidity and is ready to expand in Myanmar. (Kao Hoon, 10/10/14)
Comment: Stock splits generally result in the stock price appreciating, this news has been around for a while though.

CHO
Wants in on NGV buses — CHO is interested in the NGV buses after the BMTA finalized its TOR. The company said it can produce up to 500 buses. The TOR will be divided into two stages to help facilitate the bidding process, with the first to be for 489 air conditioned buses. The e-auction will be held at the end of November and delivery of the buses is set for January 2015. (Kao Hoon, 10/10/14)

DTAC
DTAC moving into postpaid market. It plans to invest Bt80mn in the “Love Buffet” campaign. It expects the campaign to draw in 50,000 in customers and help raise revenue this year. (Kao Hoon, 10/10/14)

EARTH
EARTH schedules shareholder meeting on 11 November. Management will request another 200mn shares to support TDR and trade on the Taiwan stock exchange at a price of at least Bt6.37/share. The company will use the funds to purchase a new coal mine to support growth and expects solid demand from overseas due to upward coal price after India canceled license to do coal mine business. (Thun Hoon, 10/10/14)
Comment: If memory serves me correct, this will be its 4th coal mine.

ECF
ECF negotiating with a foreign cartoon owner to use it on the premium product to increase growth. Management expects revenue growth of 15% YoY from 2013 revenue of Bt1.2bn and is negotiating for new orders from client. The company will start to develop 16MW solar rooftop and still plans 30MW. (Thun Hoon, 10/10/14)
Comment: Cartoon owner + solar rooftop, makes perfect sense doesn’t it?

FSMART
FSMART 200 IPO shares sold out. The shares were oversubscribed by FORTH’s shareholders and public has subscribed more than 5,000 orders. FSMART aims to use the fund to increase a number of top-up vending machines supporting revenue growth. It will start trading on 14 October. (Kao Hoon, 10/10/14)
Comment: It will be a blowout IPO

IRCP
IRCP considering 2-3 deals to acquire alternative energy projects. It will increase capital before moving to trade on the SET and will list one of its subsidiaries on mai. Net profit this year is expected to jump by more than 30%; it has Bt1bn backlog on hand. (Kao Hoon, 10/10/14)

PF
Property Perfect eyes Eastern Seaboard — SET-listed developer Property Perfect Plc (PF) is planning a joint venture with a large industrial estate developer for a residential township project on 100 rai along the Eastern Seaboard by year-end. (Bangkok Post, 10/10/14)
Comment: This shouldn’t be a surprise, if you just drive down to the Eastern Seaboard area you’ll see a huge requirement for properties for sale/rent because of the # of businesses/industries there.

PTTEP
PTTEP aims to cut costs with robotics — PTT Exploration and Production Plc (PTTEP), the only SET-listed upstream energy firm, has teamed up with the engineering faculty of Kasetsart University (KU) to develop an underwater robot for commercial sale, scheduled to be launched on the market in 2017. (Bangkok Post, 10/10/14)

RATCH
RATCH and partners sign a MOU with Myanmar’s Electricity Ministry to develop a clean coal power plant with 2,640MW capacity. The company estimates investment cost of Bt170bn and will complete the power plant with 2020. (Thun Hoon, 10/10/14)

SAMTEL
SAMTEL has signed contract with the AOT for CUTE (Common Use Terminal Equipment) & Network System Outsourcing Project with a total value of Bt2.279bn. The term of the project is five years. The company expects to book the revenue in 4Q14. (Kao Hoon, 10/10/14)

SITHAI
Srithai plans listing for Vietnamese unit — SET-listed Srithai Superware Plc (SITHAI), a Thai maker of melamine tableware and polyethylene terephthalate (PET) bottles, plans to list one of its investment firms in Vietnam on the Stock Exchange of Thailand (SET) within two years. (Bangkok Post, 10/10/14)
Comment: Well that will keep the stock price buoyant.

SYNTEC
SYNTEC expects good earnings in 2H14 as it will book extra income that will lead to 2014 earnings growth of 200% YoY, up more than Bt300mn from 2013’s Bt80mn. The company has backlog of Bt10bn and is bidding for a new project worth Bt15bn, expecting to obtain 50%. (Thun Hoon, 10/10/14)
Comment: This explains the stock price movement, because for the life of me I don’t see how small-mid size construction companies are able to scale up in size (basically hiring tonnes more people) to receive larger projects

TRC
TRC to sign for work to repair the gas line #1 in PTT’s phase 1 worth Bt2bn. It also hopes to win a job in Oman worth Bt6bn. It plans to join with a Chinese partner to bid for the double track railway project. It is confident that revenue next year will exceed Bt5bn. (Kao Hoon, 10/10/14)
Comment: TRC is somehow always able to do projects with PTT

TRT
TRT has received orders from Myanmar worth US$5mn along with a project with the MEA worth Bt310mn. It will invest Bt92mn in Hedrich GmbH. (Kao Hoon, 10/10/14)

WHA
WHA to do road show in Singapore to increase foreign investor interest in its shares. The company will list an REIT worth Bt4.7bn in November and expects revenue of Bt5bn in 2014 due to solid warehouse leases and large asset sales. (Thun Hoon, 10/10/14)