BJCHI
BJCHI bidding for projects in Australia and Brazil valued at Bt10bn and expects to obtain Bt6.9bn. The company is confident that 2014 revenue will be Bt4.5bn, +15% YoY, as it has backlog of Bt5bn. It expects net profit to be near 2013’s Bt1.2bn. (Kao Hoon, 09/09/14)
Comment: BJCHI is a smaller version of STPI, and still performs well, the amount of projects globally will ensure that both players continue to do well for the next 5-10 years.

CPALL
CPALL to launch new campaign for the Vegetarian Festivalduring 24 September – 2 October 2014 including 400 food and drink items. The company expects to generate revenue of Bt600mn, +20% YoY. (Kao Hoon, 09/09/14)

DNA
DNA gives warrants at ratio of 3:1 (existing shares : warrant) and is selling 500mn shares via private placement as it expects to increase capital of Bt1bn to support expansion in the entertainment business.(Kao Hoon, 09/09/14)
Comment: Warrants are given here as a sweetener for the PP

DRT
Board approves interim dividend of Bt0.15/share, XD 18 September. The company generated revenue of Bt2.3bn in 1H14 and management sees recovery in the construction materials market in 2H14 after property developers set up additional projects. (Kao Hoon, 09/09/14)
Comment: DRT had performed well in the past decade due to the growth of property projects upcountry but the past 1.5 years have been difficult has we all know.

HEMRAJ
Cuts targets — Hemaraj Land and Development Plc has cut its full-year land sales outlook to 1,200 rai from an earlier 1,600, citing first-half political unrest, but it expects a turnaround soon. Having reached its lowest point, Hemaraj’s performance should now improve, he said. The newly appointed government has promised measures to stimulate investment in the public and private sectors.(Bangkok Post, 09/09/14)
Comment: Hemraj is less reliant upon land sales to perform well, should they continue expanding in the utility sector (ie owning power plants) then the profile of investors involved here should change – for the better.

JAS
JAS expects to obtain injunction after TT&T filed. The company is concerned that the result will impact the setup of its infrastructure fund and revenue as TTTBB’s operation accounted for 80% of total revenue. The legal team of JAS is confident in its defense.(Kao Hoon, 09/09/14)
Comment: It’s still a house of cards to me.

MINT
MINT acquires coffee and restaurant in Australia by investing in Bt349mn VGC Food Group Pty Ltd. to expand in the food business in Australia. The deal is expected to be complete in 3Q14. (Kao Hoon, 09/09/14)
Comment: The MINT machine continues to grow strongly overseas.

PTT
PTT sends study result of the petro complex to Vietnamese government. The company expects to invest US$22bn with capacity of 400,000 barrels per day. (Kao Hoon, 09/09/14)
As dispute with the SRT lingers, PTT plans to build second headquarters in Laksi -PTT Plc, national oil and gas conglomerate, plans to develop a second headquarters in northern Bangkok to serve the future expansion of its empire. The company’s board of directors gave the green light to PTT purchasing a 70-rai plot that is currently a non-performing loan for a commercial bank. (Bangkok Post, 09/09/14)

SENA
SENA is transferring 6 projects worth Bt1.2bn in 2H14. It has total backlog of Bt2bn, 75% of which will be booked in 2015. The company generated presales of Bt1.8bn in 8M14 and will launch four new projects in 4Q14 worth Bt1.6bn. (Kao Hoon, 09/09/14)

SMPC
SMPC up 2014 revenue growth target to 30% YoY as it has big backlog and orders from overseas. It expects to get Bt200-300mn of projects it is bidding for in Kuwait. (Kao Hoon, 09/09/14)

TCAP
TCAP more solid after consumer confidence has recovered. The company expects public spending to increase loan demand. It is not concerned about NPLs as it exerts tight control over credit approvals. It expects car loans to emerge from bottom and recover in 2015. (Kao Hoon, 09/09/14)

TNDT
TNDT plans to increase capital for coal power plant investment of 20MW in Myanmar worth Bt1.7bn, concluded in 4Q14. The company expects a better performance in 2H14 HoH as it will be booking revenue from current backlog and expects to obtain an additional project. It is confident that revenue will be Bt400mn, +10% YoY. (Kao Hoon, 09/09/14)
‎Comment: I’ve always liked TNDT as a smaller co that has performed well, this expansion into power plants is interesting.