BTS

BTS passes first step to become co-ticket system developer worth Bt430mn.The Office of Transportation and Traffic Policy and Planning will ask candidates to offer technical plan and pricing in late April. It is expected to announce the winner in May.(Khao Hoon, 07/03/14)

Comment: There is no reason why BTS shouldn’t win this 

LPN

LPN holding its revenue target this year at Bt15 bn and presales at Bt26bn although it has cut the number of new projects to be launched by 6-7 to 12 projects. Currently, the company has Bt21bnbacklog on hand and expects gross margin to hold at 30%.(Khao Hoon, 07/03/14)

Comment: 2014 is supposed to be a flat year for LPN, so it’s dividend yield should be at 6-7 pct for the year and next year growth resumes

PTT

PTT takes hit from subsidies-Energy giant PTT Plc has estimated that losses from its compressed natural gas (CNG) and liquefied petroleum gas (LPG) operations will total nearly Bt30bn this year because of heavy subsidies. Chief executive Pailin Chuchotthaworn said the losses would be added to accumulated losses of Bt100bn as of 2013.(Bangkok Post, 07/03/14)

RML

RML expects growth in revenue and net profit this yearfrom last year, supported by backlog of Bt13bn that it expects to book this year. It also aims to clear out its accumulated loss of Bt714mn this year.(Khao Hoon, 07/03/14)

Comment: basically they have the river and 185 rajadamri to transfer and then nothing else

TICON

Ticon earmarks Bt8bn for more land development -Ticon Group, the developer of factories and warehouses for lease, is investing Bt8bn this year to buy and develop 1,000 rai of land. The group, comprising Ticon Industrial Connection Plc (Ticon) and Ticon Logistics Park Co (TPark), aims to increase leased space by 350,000 sqm this year, of which 250,000 will be for warehouses. The group’s factory and warehouse space for rent totals 352,268 sqm.(Bangkok Post, 07/03/14)

TRUE

True seeking strategic partnership with eye on AEC growth-True Corporation has announced in principle it will settle a strategic partnership with a non-pure telecoms company this year in a bold move to expand business overseas to capitalize on the ASEAN Economic Community. Meanwhile, the country’s leading telecommunications conglomerate is in talks with Myanmar’s Yatanarpon Teleport for a partnership to provide mobile phone service in Myanmar, the first country it hopes to move into as part of the expansion plans.(Bangkok Post, 07/03/14)

TCAP

TCAP, MBK take over Siam City Life -Thanachart Capital Plc (TCAP) and mall operator MBK Plc (MBK) have entered into an agreement to take over Siam City Life Assurance (SCILIFE) from Thanachart Bank in a deal worth Bt900mn. TCAP, parent firm of Thanachart Bank, will spend Bt481.5mn to acquire a 53.50% stake in the life insurer, while MBK will take the rest.(Bangkok Post, 07/03/14)

TTA

Sets up subsidiary in South Africa— TTA reports that it set up a new subsidiary, TSSA, in South Africa to support market expansion. Management aims to operate worldwide shipping.(Khao Hoon, 07/03/14)