BDMS
Expects 12% growth in 2015. It plans to invest Bt6.0bn in order to expand the number of hospital to 50. 1Q15 earnings will grow due to an increase in the number of clients (Khao Hoon, 20/04/2015)
Comment: Despite a relatively tepid growth rate, these valuation levels still hold because 1) It’s the biggest and arguably the best hospital play in Thailand 2) It is the only hospital group that has proven its ability to continue expanding well 3) They are still actively looking for M&A deals

CKP
Split par from Bt5 to Bt1, effective April 20. This will increase the number of shares from 1.1bn to 5.5bn. (Khao Hoon, 20/04/15)
Comment: Retail will love this!

DEMCO
Issues clarification of news – Khun Phongsak Sirikoop, CEO and M.D. of DEMCO clarifies news printed in a local paper: 1) It has not yet announced 1Q earnings. 2) It has not provided any information with regards to the process of selling Khun Nopporn’s shares. 3) It has also not released information regarding the purchaser of WEH stock in an equal proportion to Khun Nopporn’s shares. (Khao Hoon, 20/04/15)
Comment: Again the main item for DEMCO is whether or not WEH can be listed, once its solved the stock price may again head back up to high teens

EMC
EMC focusing on property business and is confident that it will have a profit this year after booking profit in 2Q15. It is continuing to invest in line with its five-year plan and targets revenue to reach Bt18bn. (Thun Hoon, 20/04/15)

FOCUS
Revenue to reach nearly a million baht – Focus says its revenue may reach Bt900mn on the booking of Bt800mn revenue from a condominium. It has bid for new projects worth Bt1.5bn, which may give it projects valued at Bt600mn in April 2015. It expects a net profit this year which it expects to use to wipe out losses of Bt51mn. (Khao Hoon, 20/04/15)

FSMART
FSMART expects 1Q15 to be outstanding after expand its online top-up machines. It plans to expand these machines to 57,000 to meet market demand. It plans to negotiate with another company to join its business. (Thun Hoon, 20/04/15)
Comment: I still love its core business in Thailand

GOLD
Expects 1Q15 profit increase of 400% with sales of Bt2.5bn and backlog of Bt2.5mn, which will be booked as revenue this year. GOLD shareholders plan to decrease capital and split par in order to wipe out the retained losses. (Khao Hoon, 20/04/15)

MACO
MACO will meet about a JV in ASEAN today and the put it to the shareholders for approval on April 22. It expects profit to grow 20% this year and plans to invest Bt500mn to expand its media area to 100,000 sqm. (Thun Hoon, 20/04/15)
Comment: Management has been preaching its plan to expand throughout ASEAN for the past 6 years

PL
Expects profit in 2015 after last year’s slowdown. Its targets car rental growth to match market growth at 5-10% as its portfolio recently reached nearly 12,000 cars. It plans to expand into the private sector to push margin up to 20%. (Thun Hoon, 20/04/2015)

PS
TRIS holds Bt3bn debenture rating steady at “A”. TRIS also maintained its corporate “A” rating. The firm plans to pay off short term debt and a debenture due in June 2015. (Thun Hoon, 20/04/2015)

PYLON
1Q15 earnings to be this year’s best, on more projects. Backlog has reached Bt800mn. It expects revenue to growth 15%. (Khao Hoon, 20/04/15)

QH
QH expects revenue of Bt4.8bn in 1Q15 supported by backlog of Bt8bn, of which Bt6.1bn will be booked this year. It expects revenue growth of 20% in 2015. (Thun Hoon, 20/04/15)

ROJNA
1Q15 to grow YoY. It expects earnings to reverse from a loss of Bt73.10mn. Presales have already reached 900 rai, more than expected. The firm expects revenue of Bt11.8bn this year. It continues to plan to expand. (Thun Hoon, 20/04/15)

SLP
Plans IPO of 420mn shares – SALEE shareholders will be able to book the shares April 20-22 and the public will be able to reserve shares between April 23-24 and 27. The first day of trading will be 7 May 2015. (Khao Hoon, 20/04/2015)
Comment: No idea what the SLP does, but SALEE should benefit regardless

SRICHA
Middle-east investors interested in a joint venture in related business. This proposal will be subject to due diligence with a conclusion expected this year. It expects revenue grow 10% this year as it is bidding for more projects with a total value of Bt8bn. Current clients, TOP, ESSO, and Chevron, may offer new projects to the company. It expects backlog to rise to more than Bt2bn. (Thun Hoon, 20/04/2015)

TAE
Plans to invest in bio-mass electricity plant which will increase income. It will expand its ethanol market in the Philippines to gain other income channels. (Thun Hoon, 20/04/2015)

TMB
TMB expects profit of Bt1.6bn, growth of 2.2% YoY in 2015 on lower provisions this year. (Thun Hoon, 20/04/15)
Comment: TMB was the darling of investors last year, but their numbers have disappointed quite badly for the 1q15

TMI
TMI plans to expand new business and targets to grow revenue over three years to reach Bt1bn. It expects 1Q15 to turn around supported by a steady rise in orders. (Thun Hoon, 20/04/15)