BGH

Buys new hospital in Nakorn Pathom — BGH has announced the acquisition of Sanamchan Hospital, a 198-bed private hospital in Nakorn Pathom, plus its two hospitals. The investment cost is Bt3.66bnn (SET)

Comment: And the growth machine for BGH continues, still think it can comfortably go to THB 20/share, just wait for the day it does REITs 

CPN/ROBINS

Central Group pins hope on mid-year sales bonanza – Four business units under the Central Group of Companies have come together to stimulate consumers’ purchasing power during the mid-year period and attract more tourists. Central Department Store Plc, Central shopping complexes, Robinson Department Store Plc and The 1 Card will allocate Bt400mn to launch the Greatest Grand Sale from June 6-July 15 at 53 shopping centers and department stores nationwide. (Bangkok Post, 29/05/14)

CCP

CCP expects new high performance in 2014, continuing from 2013, because political problems are easing. It expects more investment in the public sector and more new work. It maintains revenue growth target of 10% YoY and has backlog of Bt1.86bn. It is negotiating for a joint venture. (Khao Hoon, 29/05/14)

CSS

CSS expects good performance in 2Q14-4Q14 supported by 3G, 4G, and digital TV investment. It aims to increase the number of distribution centers and add human resources to support business expansion. It is confident that revenue will be not less than Bt4bn. (Khao Hoon, 29/05/14)

JMT

JMT expects sharp rise in 2014 profit — JMT, managing and collecting on bad debts, expects a sharp increase in 2014 net profit from Bt75.08mn in 2013. (Khao Hoon, 29/05/14)

Comment: Debt collection is their specialty, however a lot of work is required to understand how their financials recognise the profits.

NOK

NOK expects revenue to grow YoY, but net profit will decline YoY as it has slashed ticket price to maintain cabin factor level at 80%. It expects 7mn passengers in 2014 from 5.89mn in 2013. (Khao Hoon, 29/05/14)

Comment: Plus they are buying new planes which too me is a no-no especially given their company size, how on earth can they expect to compete?

OISHI

OISHI preparing to launch first branch in Myanmar in June and expects to launch three branches in 2014. 2H14 is expected to be good because purchasing power is normal. It believes sales from food business will reach Bt7.9bn or +30% YoY. (Khao Hoon, 29/05/14)

Comment: Well, is there enough space in the market for sugared water? Ishitan vs OISHI who’ll win?

PTG

PTG opens 9th oil storage facility in Nakorn Sawan to increase efficiency. This will cover the northern and central parts of Thailand and will help to reduce transportation costs. (Khao Hoon, 29/05/14)

Comment: Company visit today, expect to see a post about it later in June 🙂

SAMCO

SAMCO expects revenue of Bt1.4bn in 2014 and has backlog of Bt500mn. It has invested Bt1bn to buy land and set up a community mall in Khon Kaen worth Bt350mn in 3Q14. It expects revenue of Bt2bn in 2015. (Khao Hoon, 29/05/14)

SSI

SSI expects 2H14 steel sales volume to be better than 1H14 due to easing political problems. It maintains its hot-rolled coils sales target at 2.1mn tons and expects SSI UK will reach breakeven in 2014 with production of 3.2mn tons. (Khao Hoon, 29/05/14)

Comment: As intelligent as the CEO is, I have my doubts over the company’s ability to payback its debts

TICON

TICON expects 2014 revenue to be lower than Bt7bn, growth of no more than 5% YoY because political problem has made investors put off investing. It maintains its investment plan of Bt8bn in 2014 and urges the BoI to approve pending investment plans worth Bt500-600bn as soon as possible. (Khao Hoon, 29/05/14)

Comment: 2014 will be a crap year, look to 2015, or just look @ WHA/AMATA/HEMRAJ?

TRT

TRT expects revenue of Bt3.21bn in 2014 and has current backlog of Bt2.2bn, with Bt1.85bn to be booked this year. It expects better growth in 2H14 and will bid for a new project valued at Bt8.05bn. It expects to obtain 20-25% of total project value. (Khao Hoon, 29/05/14)

TRU

TRU expects 2Q14 performance will be close to 1Q14. It says political problems have led it to expect a 10% contraction in revenue in 2014, similar to the 10% contraction expected to domestic car production. (Khao Hoon, 29/05/14)

TTCL

TTCL preparing to sign agreement to set up coal power plant in Myanmar worth Bt80bn within 3Q14. Management is confident that revenue growth will be not less than 20% YoY to Bt18bn because it will book 50-60% of backlog worth Bt23bn plus power plant revenue of Bt300mn. (Khao Hoon, 29/05/14)

Comment: The best performing contractor/construction co in Thailand over the past 6 years.