CBG
CBG sets IPO price range of Bt26-28/share and subscription period during 12-14 November. The company will list on the SET on 21 November and expects to use the funds from the IPO to repay debt and expand, focusing on CLMV markets. (Kao Hoon, 10/11/14)

ESSO
ESSO plans to invest Bt2.2bn to increase refinery and petrol station efficiency. The company expects to take second place in terms of market share in the retail market. It confirms that it has no plan to divest its refinery. (Kao Hoon, 10/11/14)
Comment: The sleepy ESSO has finally woken up!

GRAND
GRAND reported 3Q14 net profit of Bt45.4mn from net loss of Bt68.3mn in 3Q13 as it booked revenue from Hyde Sukhumvit. The company is studying to form a partnership with domestic and overseas hotels after board approval. (Thun Hoon, 10/11/14)
Comment: The Hyde Sukhumvit is all that GRAND has going for it at the moment, most of their other major assets are leaseholds which only have a few years left.

ITD
ITD to sell 419mn PP shares to three institutional investors and two big retail investors, Wichai and Watchara. The company expects to raise Bt2.1bn. (Kao Hoon, 10/11/14)
Comment: Another PP round? Sounds like they need the capital, but with these two large retail investors don’t be surprised to see far more speculation in the stock price of ITD

JAS
JAS benefits from TT&T’s cancellation of a plea to protect its interest against which JAS had deposited Bt228.8mn. The court has cancelled the November 21 hearing and will hear witnesses in February 2015. JAS is ready to set up its infrastructure fund. (Kao Hoon, 10/11/14)
Comment: Yes, the IFF is going ahead, but with half of the original planned assets.

JSP
JSP sets IPO price at Bt2.6/share with subscription on 10-12 November 2014. The company will list on mai on 19 November and expects to raise Bt3.12bn. It will use the IPO funds to purchase land, investment, and working capital. (Kao Hoon, 10/11/14)

PAE
PAE forms partnership with Singaporean company, Federal, to enter the energy market by selling valves to oil and gas and companies. Management is confident it will achieve revenue of Bt1.4bn or growth of 30-40% YoY in 2014 and expects to do very well in 2015. (Thun Hoon, 10/11/14)

PDG
PDG reported 3Q14 revenue of Bt157.8mn, -5.8% YoY. The company expects a good 4Q14 as it will launch a new product. It is studying setting up new factories in neighboring countries. (Thun Hoon, 10/11/14)

PS
PS is confident revenue will exceed target of Bt42bn as it will book revenue of Bt12bn in 4Q14 from total backlog of Bt37bn. The company maintains presales target of Bt43bn as 9M14 presales were Bt31.3bn. (Kao Hoon, 10/11/14)
Comment: No one believe that PS would put out these type of numbers at the beginning of 2014, they have now successfully established as the largest property developer in Thailand for the past few years

SIRI
SIRI expects revenue of Bt13-14bn after 10M14 revenue of Bt10bn. (Kao Hoon, 10/11/14)
Comment: We are all wondering when is the next round of speculation in SIRI’s shares

SPVI
Management confident SPVI will generate revenue of Bt2bn after it finished a Mobi booth. The company continues to expect to add three booths in 2014 and ten booths in 2015. It expects the booths to generate more revenue and reduce area rental cost. (Kao Hoon, 10/11/14)

TAKUNI
TAKUNI will report 3Q14 financial statement on 11 November and expects high season in 4Q14 as it has large backlog and is preparing to obtain a gas storage project in Khon Kaen worth Bt165mn. The company will open three gas stations by end-2014. It plans to grow 20% YoY in 2015 as it will bid for additional projects. (Thun Hoon, 10/11/14)