BEC-Tero reaches for the stars this year : The entertainment industry will continue to have a bright outlook in the second half of this year despite declining consumer purchasing power, says BEC-Tero Entertainment Plc. Bangkok Post 

BECL TTW to help boost BECL’s 2Q13F — BECL expects to report revenues of Bt1.93bn and profits of Bt420mn for 2Q13, supported by the first full quarter share of benefit by TTW. In addition, the number of cars on highways has increased by 2.9% YoY and it expects to pay out dividends of Bt0.65/share for 1H13. It will book a Bt61.8mn gain from the sale of CK Power during its IPO in 3Q13. (Khao Hoon, 05/08/13)

BLAND setting up REIT — BLAND announced that it has filed to set a REIT worth Bt19bn and units are to be sold in Sept-Oct. Proceeds will be used to double the exhibition area and conference space at Impact. (Tun Hoon, 05/08/13)

Comment: Should this be true then it’s a good support for the stock, however a friend has mentioned to me it is now 10 years since BLAND first said they would do a property fund/reit

CENTEL 19% revenue growth in 2Q13 — CENTEL reports that 2Q13 revenues grew by 19% YoY, supported by an increase in occupancy rates in its hotel businesses to 75% and strong sales growth in its food businesses of 2% to help push revenue to reach its target of Bt17bn. The company plans to set up a property fund in 1Q14. (Tun Hoon, 05/08/13)

CPF’s Turkish unit sets lofty goals – The Turkish unit of Charoen Pokphand Foods Plc (CPF) is expected to contribute US$610mn to its parent firm’s international revenue this year thanks to rising meat consumption in that country. Together with the Taiwanese arm, the Turkish operation shows the strongest performance among CPF’s operations and ventures in 12 countries last year. Sales of the Istanbul-based C.P. Standart Gida Sanayi Ve Ticaret A.S.(CPS) are projected to expand by 8.5%this year from US$562mn last year. The company plans to invest US$10mn or Bt313mn a year over the next five years. (Bangkok Post, 05/08/13)

MK sets IPO at 49 baht – MK Restaurant Group, the sukiyaki chain, set its 185.85 million initial public offering (IPO) shares at 49 baht apiece, the top end of its indicative price, suggesting strong investor risk appetite despite rising domestic economic and political uncertainties. (Bangkok Post, 03/08/13)

Comment: IPO’ing @ a fair price, but it’s a stock that everyone seems to want to get their hands on, what we can’t figure out is they are raising approx. THB 10 bn and only have plans to spend THB 2 bn, sooooo THB 8 bn sitting as cash on the B/S?

LPN Development boosts pre-sales target to Bt24-25 billion : LPN Development Plc has revised its presales target from Bt20 billion to Bt24 billion-Bt25 billion this year thanks to demand for condominiums priced not more than Bt3 million, which is still showing strong growth