BEC

CH3’s analog channel still the main stay – BEC World, the broadcaster of Channel 3, yesterday announced it would operate its existing analog TV channels and three new digital channels at the same time. (Bangkok Post, 22/04/14)

ICHI

Climbs high on first day — On its first day of trading, ICHI share price increased by 24.62% from its IPO price of Bt13.00/share. Management is confident in the company’s fundamentals and expects revenue and earnings to continue to grow, with sales expecting to touch Bt10bn within the next two years supported by its capacity expansion plans. ICHI will also be launching new products. (Khao Hoon, 22/04/14)

Comment: Well that they have a great story and massive demand for its shares, the first day pop was no surprise.

JAS

JAS will move ahead and set up its infrastructure fund after agreeing to NBTC’s condition that it change its assets usage to comply with the infrastructure sharing rule. (Khao Hoon, 22/04/14)

Comment: Still…if TRUE needed helped in sourcing funding for its own fund, we just don’t see how JAS will be able to pull this off.

KBS

KBS studying sugar factory capacity expansion by 10,000 tons per year. It has set aside Bt3bn for this investment. It said its 35MW waste power plant will start selling electricity to EGAT at the end of April. It aims to export more and expects net profit of Bt600-700mn this year. (Khao Hoon, 22/04/14)

KTB

KTB offers bundled product – Home loan customers of Krungthai Bank (KTB) will be allowed to make their installment payments via Krungthai Card (KTC) credit cards, with lower interest rates charged and reward points on card spending. The offer is aimed at facilitating the bank’s mortgage growth while expanding KTC’s card business. (Bangkok Post, 22/04/14)

KTC

KTC expects to post strong 1Q14 earnings. It will join hands with KTB to help increase sales of its credit cards by 15%. The number of mortgage payments paid through KTC’s credit cards reached 1.6mn. It also said that during the first three months, it issued 50,000 new credit cards and expects sales in 2H14 to improve, pushing it reach its target for the year. NPL rates were still low at 2.7% and provisions were high at 293%. (Khao Hoon, 22/04/14)

Comment: Well if provisions were at 293% how could 1Q14 be good earnings?

SENA

SENA announced a cut in 2013 dividend to Bt0.151/share from Bt0.199/share due to a miscalculation. It reaffirms that total dividend payment is still 40% of its net profit. It reports 1Q14 presales at Bt400-500mn and plans to launch three new projects in 2Q14. (Khao Hoon, 22/04/14)

THAI

THAI blames huge losses on unrest – Thai Airways International (THAI) has confirmed it is experiencing a substantial decrease in passengers from East Asia due to the political stand-off. Acting president Chokchai Panyayong said the board acknowledged THAI’s losses in the first quarter of this year are due to a drop in passengers from China, Japan and South Korea. (Bangkok Post, 22/04/14)

Comment: Rubbish! Simply cut the fat in the company, stop the freebies to everyone who believes they are a “poo-yai”, stop the corruption and you’ll see an immediate improvement to the bottom line.