CBG
CBG closed at Bt32.50/share, above its IPO price of Bt28/share. The company plans to lead the energy drink market within five years and expects revenue of Bt10bn in 2017. (Kao Hoon, 24/11/14)
Comment: We still think its going to trade in a similar manner to ICHI for the next few months

CHO
CHO reports backlog of Bt800mn and will book more than Bt300mn in 4Q14. The company has adjusted its 2014 revenue target to Bt1.3bn or +50% YoY from +15% YoY after its 9M14 was higher than expected. It continues to bid for additional projects. (Kao Hoon, 24/11/14)

DEMCO
Management ready to sell DEMCO shares to anyone who is interested. The company has 40mn shares for private placement and some warrants. There are many investors showing interest as DEMCO is cheaper than peers. (Kao Hoon, 24/11/14)
Comment: Demco has been one of the star performers of the past few years with the expansion into renewable energy, this PP and warrant is most likely going to be well received by investors and the market.

ERW
ERW expects to be in the black in 2015 with revenue growth of 35% YoY. The company plans to add eight hotels at a cost of Bt1.9bn and is studying to invest in Indonesia and the Philippines. The company expects revenue from overseas will account for 20% of the total in 2020. (Kao Hoon, 24/11/14)
Comment: The only pure hotel play in Thailand today. Currently a lot of the value in ERW is still related to Grand Hyatt Erawan despite its expansion into the low-mid hotel segment.

MTLS
MTLS sold all 545mn IPO shares and will start trading on 26 November. The company plans to add branches to bring the total to 1,000 and plans to have loan portfolio of Bt25bn in 2017. It reported 9M14 net profit of Bt397mn, +77% YoY. (Kao Hoon, 24/11/14)

NCH
NCH entering western zone of Bangkok via sales promotions. The company launched Bann Fah Greenery Pinklao project and presold 222 units or Bt760mn of the total 466 units or Bt16bn. (Kao Hoon, 24/11/14)

OISHI
Ravenous Oishi goes aggressive for global growth – Oishi Group Plc is in talks with a giant retail company in Japan to supply food to the Japanese supermarket chain next year. The move is part of its plan to drive overseas sales to Bt3bn by 2019. (Bangkok Post, 24/11/14)

PDI
PDI will not extend contract for zinc mine as it wants to switch its focus to green business, renewable energy, and recycling or waste management. The company intents to complete these within two years at investment of Bt5bn. (Kao Hoon, 24/11/14)

SEAFCO
SEAFCO maintains revenue target of Bt2bn in 2014 after 9M14 revenue of Bt1.4mn. It has backlog of Bt900mn. It expects to obtain a new project worth Bt800mn and is waiting to obtain a project from Myanmar worth Bt100mn soon. (Kao Hoon, 24/11/14)

SCC
SCG in R&D priority – Siam Cement Group (SCG) is set to announce a multi-million-baht deal this week to acquire a controlling stake in a European research and development (R&D) company, a move its chief believes will help push the industrial conglomerate towards becoming a sustainable business leader in ASEAN. (Bangkok Post, 24/11/14)

SLC
Investors interested — Management said that investors are showing more interest than anticipated due to the affordable price and confidence in the company. The company is negotiating to form a JV and will purchase 3-4 media firms. (Thun Hoon, 24/11/14)
Comment: Well sure @ its current levels it’s ripe for a backdoor listing.

TFD
TFD increasing capital via private placement with 32 investors. It will issue 127mn shares and place these at a price of Bt5.2/share for a total of Bt660mn. Watchara Keawsawang and Sompong Cholkadeedumrongkul, well-known retail investors, are on the list. The company will use the funds to repay debt and as working capital. Management expects to be in the black in 2014 after it has booked revenue from a condo in 2H14 and expects sharp growth in 2015 as it will list two subsidiaries. (Thun Hoon, 24/11/14)

TRC
TRC targets revenue growth of 20% p.a. to reach Bt10bn in five years. The company is waiting for two big projects worth Bt5bn and expects to bid for PTT’s gas pipelines worth Bt13bn. (Kao Hoon, 24/11/14)

TSR
TSR expects revenue of Bt1.2bn in 2014. The company will add more employees and branches and expects revenue and net profit growth of more than 20% YoY due to higher production capacity. The company will sell air-conditioners in modern trade outlets. (Kao Hoon, 24/11/14)

TSTH
TSTH expects to be in the black in FY2014/2015 as public projects will increase demand for steel. The company expects sale volume of 1.1mn tons, below the previous year’s 1.29mn tons. The company expects the steel industry to grow 5-7% YoY next year. (Kao Hoon, 24/11/14)
Comment: TSTH has been one steel company that I’ve been waiting to see if it could turnaround, but its up against the massive co called China Inc

VPO
VPO starts trading today and expects to close at Bt3.5/share, higher than its IPO price of Bt2.7/share. The management believes in the solid fundamental of the business. The company reported net profit of Bt158mn in 9M14. (Kao Hoon, 24/11/14)
Comment: Watch it fly sky high.