BJC
Berli Jucker introduces direct sales, e-commerce – Berli Jucker Plc (BJC), the SET-listed trading and retail company owned by billionaire Charoen Sirivadhanabhakdi, is expanding its product sales and distribution to include direct sales and e-commerce channels after facing tough modern trade competition. (Bangkok Post, 22/09/14)
Comment: Overall a small impact on their total numbers and I have my doubts in their ability to compete effectively versus what is already available in the market

BMCL
BMCL expects 2014 net loss to decline by 20% YoY as passenger numbers have grown 5-6%, revenue by 10%, and interest expense has come down. Management expects to be in the black in 2016. (Kao Hoon, 22/09/14)
Comment: A story that is recognised into the stock price today.

EA
EA says 3Q14 will be good as it is benefitting from an upcycle for the biodiesel business and continues to book revenue from solar farms. It said it will start setting up the solar panels for its 90MW project in Lampang at the end of September and expects everything to be complete by the end of this year, which should further help support revenue and profit further. (Kao Hoon, 22/09/14)
Comment: EA is a story everyone knows by now with their MW’s all coming online within the next 2 years.

ESSO
Esso holding its own against local retailers – Esso (Thailand), the local unit of global oil giant ExxonMobil, is resolute about keeping its position in the business despite an intense battle. “We are quite low-profile in line with our parent’s policy, but what we are focused on is marketing in order to maintain our position,” said Mongkolnimit Auacherdkul, Esso’s manager of public and government affairs. (Bangkok Post, 22/09/14)
Comment: ESSO as a stock price itself has been a “dog” similar to most other oil players listed in Thailand

GPSP
GPSC ups electricity production target to 6,000MW by 2020. It says it has opportunity to expand both in Thailand and abroad and plans to list on the market in 2015. (Kao Hoon, 22/09/14)

HYDRO
HYDRO will bid for new work worth Bt800mn. It expects to sign a new government contract worth Bt700mn no later than October. It has current backlog of Bt1.5bn and expects to book 20-30% of that this year. It is undertaking a study on a waste power plant and expects a conclusion next year. (Kao Hoon, 22/09/14)

IFEC
IFEC glad it is no longer on the cash balance trading list. It says Chinese, Japanese, Taiwanese, and domestic institutional investors are interested and are requesting additional shares via private placement. The company expects to raise Bt3bn in capital and also add new loans to bring its investment budget to Bt9.2bn. The company expects to do renewable energy with 300MW capacity over next 2-3 years and will book extra income from land sales and prior business sale of Bt200mn. (Thun Hoon, 22/09/14)
Comment: What’s funny is that their projects are all MOU at the moment, no contracts, no guarantees of anything happening, and plus they need to raise capital badly (hence a lot of equity dilution coming up)

KTB
No extra provisions, loan growth 10% — Mr. Vorapa Tanyawong, the President of Krungthai Bank, reaffirms the bank will not set extra provisions. He also said that loan growth is expected to grow by more than 10% this year, followed by further growth next year, supported by big mega projects. (Kao Hoon, 22/09/14)

LHK
LHK said 2QFY14 net profit will be better YoY on higher revenue and net profit. Sales volume has been raised by higher demand. The company expects 2015 revenue of more than Bt3.4bn. it will invest Bt100-120mn to adjust and purchase machinery and continues to acquire businesses with a budget of Bt200mn. (Thun Hoon, 22/09/14)
Comment: One of the smaller players in the auto sector in Thailand

LOXLEY
LOXLEY has backlog of Bt10bn and expects a better in 2H14. It expects the new government to continue Suvarnabhumi phase 2 and internet network investment, both of which will support its business. (Thun Hoon, 22/09/14)

N-PARK
N-PARK plans to launch two new projects worth Bt9bn and has laid out a 5-year plan to increase its revenue to reach Bt10bn. It will also extend its lease for land in Roi Chak Saam. (Kao hoon, 22/09/14)
Comment: Still can’t justify its currently valuation despite these new projects

SIM
SIM said 3Q14 earnings will be good after handsets sales exceeded its 1mn-unit target. It is also hurrying to hand over big lots of handsets to three major operators. It is aiming to list one of its subsidiaries on the market in 2015. (Kao Hoon, 22/09/14)
Comment: Hence why SAMART continues to run, starting to kick myself in the head for liquidating that position already

SLC
SLC enjoying higher rating for Spring News and expects to acquire 2-3 media to support its business. It is studying investment in a new office. Management said there is an institutional investor that is interested in investing in SLC. (Kao Hoon, 22/09/14)
Comment: A rubbish POS company that was punted earlier in the year, with the shinawatra’s out of power they can’t win any new projects

SPALI
Strong 2014 earnings driven by the transfers of five condo projects worth Bt13bn. 8M14 presales have reached Bt13bn and it has a current backlog of Bt40.2bn. (Kao Hoon, 22/09/14)

TMB
10% loan growth in 2014 — Mr. Boontuck Wungcharoen, the CEO of TMB, also said that loan growth for the bank will grow by 10%. (Kao Hoon, 22/09/14)

WHA
WHA to do REIT roadshow in October. Management said it will be ready to sell REIT worth Bt4.7bn in November and book large extra profit in 4Q14 financial statement. The company expects revenue of Bt5bn and flat net profit YoY in 2014. (Thun Hoon, 22/09/14)