BMCL
BMCL upbeat on profit after 2017 — Bangkok Metro Plc (BMCL), the country’s subway operator, expects its balance sheet to become profitable after 2017 as more new train services are added. Service on the Purple Line from Bang Sue in the capital to Bang Yai in Nonthaburi province is expected to start in December 2016. (Bangkok Post, 25/08/14)
Comment: Same story as it has been for the past few years, yes they’ll finally be a profitable company.

CIMBT
CIMBT uses its network in ASEAN to support corporate clients via its ABS team. It expects continuing demand from agriculture, service, and consumer staples sector. It said that company was able to expand its client base as planned in 1H14 and wants to generate more fee income. (Prachachart Thurakij, 25/08/14)

DEMCO
Alternative business local and abroad has backlog of more than Bt6bn. It will start booking ~Bt3.5bn in revenue in 2H14, which will help push its revenue for the year to Bt5.2bn. Dividend of Bt0.125/share will be XD on August 16. (Kao Hoon, 25/08/14)
Comment: It is the value of their holdings in WEH

JAS
JAS will receive the order by the court today after TT&T has filed lawsuit for claiming the right to buy TTTBB and asked for injunction on entire assets of TTTBB. (Kao Hoon, 25/08/14)
Comment: We’ve had a wonderful smile on our face with JAS’s demise.

JMT
JMT expects bad debt to continue to surge in 2H14 after rising to Bt60bn in 1H14. The company expects financial institutions will sell bad debt at low prices to keep portfolios manageable. It plans to buy bad debt of Bt20bn and net profit growth of 50% YoY in 2014. (Prachachart Thurakij, 25/08/14) ‘
Comment: The JMT business model is wonderful, but you can get surprised on quarterly performance because of how their account for profits.

KTB
KTB changing strategy for 2H14. It will focus on reducing its NPLs to close to last year’s level of 1.49%. It believes that although loan growth will not be in double digits this year, it will grow more than GDP, given the 1H14 loan growth of over 5%. (Kao Hoon, 25/08/14)

MATCH
MATCH invests Bt455mn to acquire 216 rai in Bangna-Trad to build a new studio. Management expects a good performance in 2H14 on the easing political situation which revived the equipment rental business, plus the growth of digital TV business. (Kao Hoon, 25/08/14)

MINT
MINT to offer Bt200mn MINT-W5 to existing shareholders at the ratio of 20:1 (ordinary share: warrant). It will also issue Bt10bn worth of debentures. The proceeds will be used to fund expansion. It will ask for shareholders’ approval on Oct 13. (Kao Hoon, 25/08/14)

PCA
PCA expects better performance in 2H14 HoH as it targets set-top box sales of 350,000-700,000, supporting revenue growth of 15-20% YoY in 2014. It is preparing to book revenue from backlog of Bt200mn and will sign an agreement with a partner in the next few months. (Thun Hoon, 25/08/14)

PDI
PDI restructuring by turning its focus on green energy. It has set a budget of Bt1.5bn to invest in this business segment over the next three years and is waiting for the government to issue a license. It is looking to invest in solar farms, wind farms and industrial waste-to-energy plants. (Kao Hoon, 25/08/14)
Comment: Everyone is focusing on green energy now in Thailand!

XO
XO today for first time and is expected to be close at over Bt3, well above the IPO price of Bt2.2 due to strong fundamentals and expected continuing net profit growth. It is confident that revenue growth will be at least 25% YoY in 2014. (Kao Hoon, 25/08/14)
Comment: A definite winner on its first day b/c of the same principles (small float)