BBL

Management says 1Q14 loan growth was slightly negative consistent with the slowing economy. Loan growth is expected to be positive in 2Q14 and 5% in 2014. It expects Thai GDP growth of 3% YoY, supported by exports. (Khao Hoon, 16/4/14)

Comment: Every bank will have poor loan growth in the 1Q14, question is how much of the slack will be picked up by non-interest growth and cost cutting

EPCO

Expects good 1Q14 — EPCO is confident 1Q14 revenues will be good, bulked up by revenue from the February opening of its Lopburi power plant. It has taken 100% in “Bo Ploy Solar” and plans to list the company on the SET this year. EPCO’s shareholders have also approved a dividend payment of Bt0.095/share. (Khao Hoon, 16/04/14)

Comment: A low divvy from this player, but with an upcoming ipo, punters will rejoice

ICHI

IPO sells out — ICHI sold its entire IPO shares on first day at IPO price of Bt13 because investors are confident in its business, with the largest market share of ready-to-drink tea. It plans to use the funds to service debt and expand capacity with a second phase. It will be traded on 21 April. (Khao Hoon, 16/4/14)

Comment: The stock market is about fundamentals? Not when looking @ ichi, great PR done by the owner.

MODERN

MODERN to book Bt200mn in profit from sale of MFEC shares. The company said it may pay an extra dividend. MODERN has already announced a dividend of Bt0.30/share; XD on April 24, 2014. (Khao Hoon, 16/04/14)

SMM

SMM maintains 2014 revenue target at Bt800mn since it expects its book business and multimedia business will continue to grow. Aalthough 1Q14 profit is expected to be down YoY, it will show improvement QoQ. SMM will invest Bt30mn this year to expand its business. (Khao Hoon, 16/04/14)

SPALI

SPALI expects revenue of Bt5bn in 2Q14 from Bt4bn in 1Q14. It will launch 6-7 new projects worth Bt5bn. It recently launched a new condo worth Bt1.89bn. (Khao Hoon, 16/4/14)

THCOM

THCOM expects 1Q14 to exceed Bt305mn, supported by continuing iPSTAR growth, especially in China. It expects earnings for the whole year at Bt1.7bn since it will booking a full year of revenue from THCOM 6 and iPSTAR in China. It also said it will launch THCOM 7 in mid-year, as planned. (Khao Hoon, 16/04/14)

Comment: A turnaround play in 2012/3 that I missed *bang head against the wall constantly*

TMB

Management expects 2014 loan growth of 8%; it will not book extra loan loss provisions because it booked these in 2013. Its NPLs have come down to 3.5% from 3.7%. (Khao Hoon, 16/4/14)