BTS
Confirmed for O&M on South Green Line — Minister of Transportation Prachin has confirmed that BTS will obtain the O&M contract for South Green Line worth Bt9.1bn. BTS management met the minister to discuss the project and expects the Mass Rapid Transit Authority of Thailand to conclude the details in January 2015. (Kao Hoon, 19/12/14)
Comment: It’s natural for BTS to win this line, and the same will apply to the lines connected to BMCL. The question is who’ll win the standalone lines?

CSS
CSS expects peak 4Q14 earnings after it delivered more projects that allow it to book revenue of Bt1.1bn from backlog of Bt2bn. The company expects to get a 3G communication tower project from DTAC worth Bt500mn and will conclude solar power plant investment in Japan next week. It expects revenue of Bt5bn in 2015 and hopes to get the contract for the communication system for the Green Line. (Thun Hoon, 19/12/14)

DEMCO
WEH appoints two new member of the board, seemingly a change in power from former executive Nopporn Suppipat. This plan will be proposed to shareholders at a meeting in early 2015. DEMCO, who holds WEH shares, benefit from the news and its price closed at Bt14/share or +5.26%. (Kao Hoon, 19/12/14)
Comment: We think that DEMCO’s stock price was incredibly punished b/c of the news around WEH, a simple change in shareholders will rectify the issue and the changes on the board and management level show that the current shareholders know what to do.

ICC
Board approves purchase of SCG — ICC’s board approved the purchase of Sahacogen (SCG) through the SET. The transaction will involve the purchase of 1mn shares at Bt6.5/share for a total of Bt6.5bn. (Kao Hoon, 18/12/14)

MCOT
New MCOT president vows to improve Channel 9 finances – The new president of MCOT Plc, the state owned broadcaster of Channel 9, has vowed to bring growth in both revenue and profit to the station next year, with the priority being to encourage staff to produce more of their own content. (Bangkok Post, 19/12/14)

PACE
PACE spends Bt4.55bn to acquire Dean & Deluca from Dean & Deluca Holdings Inc., as it aims to diversify into the food and beverage business. (Kao Hoon, 19/12/14)
Comment: Well, why not, if a bank will fully finance it for you.

SCC
Pair of acquisitions adds fuel to SCG’s technology drive – Siam Cement Group, Thailand’s biggest industrial conglomerate, has acquired a Scandinavian high-tech research centre and an Indonesian high-value-added packaging maker in its bid for higher revenue, says president and chief executive Kan Trakulhoon. (Bangkok Post, 19/12/14)

SLC
NBTC probes SLC share deals – The broadcasting regulator is unsure if SET-listed Solution Corner (1998) Plc (SLC) violated the cross-media holding rules with its Bt1.18bn purchase of Nation Multimedia Group (NMG) and GMM Grammy shares. The SLC board approved the purchase of a 12.27% stake in NMG and its warrants (NMG-W1) and of 10 million newly issued Grammy shares at Bt13.50 each. (Bangkok Post, 19/12/14)
Comment: That is an interesting development, SLC has nothing @ at all in the way of business. But as a hold co, maybe there is some value in SLC now. 

SPVI
SPVI sales volume up 50% YoY due to popular iPhone 6. The company expects revenue of Bt2bn in 2014, in line with the target, supported by a recovery of consumer confidence after easing political problems. (Kao Hoon, 19/12/14)
Comment: And in a year from now, sales volume will decline 50% YoY

TWZ
TWZ is confident that revenue in 2014 will reach Bt4bn, more than a target of Bt3.5bn, as smart phone producers simultaneously launches new series that will stimulate cell phone market. The company plans to focus on quality improvement and product differentiation. It also plans to add TWZ stores nationwide. (Thun Hoon, 19/12/14)

UWC
UWC expects to obtain communication tower in 2015 due to high margin. The company plans to form a partnership to get projects in Myanmar and Laos in 2015. It expects flat 4Q14 performance QoQ. (Kao Hoon, 19/12/14)

WHA
WHA preparing to set up rental office building REIT in 2Q15. Management reports that the REIT value will be close to WHART’s at Bt4.7bn. The company plans to set up warehouses in Malaysia and Myanmar and will conclude this in late 2015. (Thun Hoon, 19/12/14)