CHO
CHO confident revenue this year will grow no less than 50% due to strong flow in orders. It said that it plans to expand aggressively in overseas markets further through its catering hi-loaders truck business for airlines in markets abroad. The management confirms the exercise date for CHO-W1 is Dec 30, 2014. (Thun Hoon, 04/12/14)
Comment: Should the price of CHO ever decrease then I would consider it attractive based upon its growth – but a lot more homework needs to be done here.

CSS
CSS discussing investing in a 14MW power plant in Japan worth Bt1.4bn. A conclusion is expected next year. The company says that 4Q14 earnings will be strong, pushing revenue this year to Bt4bn. It targets revenue growth of 20-25% next year.(Kao Hoon, 04/12/14)
Comment: its quite interesting that how Thai companies are competing for power projects in Japan, a weakening yen versus the Thai Baht does help as well.

DRT
DRT targets earnings growth of 10% next yearwith revenue of Bt4.4bn, supported by the more contractor activities. The company plans to fine tune its business strategy after it has received more state projects, plus its plans to sell solar rooftop panels. (Thun Hoon, 04/12/14)
Comment : DRT has underperformed over the past 18 months, a full reflection of how their earnings have performed as well given the slowdown upcountry, with their additional capacity now installed, I am under the impression that they won’t be able to ramp up to full capacity for a number of years.

GLAND
GLAND reports sale of over 200 units of the 316 units in the last building of its Belle Grand Rama 9 project. It says 4Q14 profit will be stronger than last year’s supported by higher transfers and revenue contribution from The Ninth Tower Grand Rama 9. (Kao Hoon, 04/12/14)
Comment: Again the value I see in GLAND is in the office buildings that should be sold to REITS next year.

JASIF
Okayed by NBTC — The NBTC has certified JASIF’s infrastructure sharing scheme. It is filing a written confirmation with the SEC, which is expected to be delivered today. (Kao Hoon, 04/12/14)
Comment: Its going ahead but at half the size from their initial proposal

LPN
EIA finally in hand, Rangsit project can start — LPN will move ahead with the construction for its Lumpini Township Rangsit-Klong 1 project after it has received EIA approval. It aims to deliver the first phase of the project in July 2015 and open other phases to help support earnings next year.(Kao Hoon, 04/12/14)
Comment: Still the best property developer focused on the low-mid end sector

MONO
MONO expects revenue growth of over 15% next year. Management said it plans to aggressively expand its digital channel, MONO 29. It has set aside a budget of Bt500mn to increase its channel’s content to help bring better ratings next year. It plans to be the number one leader in terms of ratings (currently it is one of the top three). Moreover, it plans to be traded in the SET – clarity on this should be announced in January 2015. (Thun Hoon, 04/12/14)

PJW
PJW expects a turnaround in revenue and earnings with growth of 10-15% next year, driven by an uptrend in the spray paint business, plus a recovery in orders from the automotive sector. It plans to invest Bt200mn next year to increase the efficiency of its machines. (Kao Hoon, 04/12/14)

PS
PS to expand more in provincial condo market. It has started presales for its first provincial condo project, Plum Condo Laemchabang. PS said that the strong selling point of the project is that it has already received EIA approval. (Kao Hoon, 04/12/14)

PYLON
PYLON says 2014 net profit to reach a new highsupported by revenue that is likely to hit Bt1.4bn. It expects growth to continue into next year supported by more work on hand from the bidding for new sky train lines. (Kao Hoon, 04/12/14)

SUTHA
SUTHA expects revenue to grow by at least 30% next year supported by increase in kiln orders, plus revenue recognition from its mining projects in 4Q15. Management says revenue this year will reach its target of Bt1bn. (Thun Hoon, 04/12/14)

SYNEX
SYNEX sets revenue target growth of 5-10% with a revenue target of Bt20bn next year. For this year, it expects revenue to be similar to last year’s Bt18bn. The company said that it is in the process of negotiating an investment in Cambodia; conclusion is expected in the middle of next year. It plans for its Indochina sales to reach Bt1bn within two years. (Kao Hoon, 04/12/14)
Comment: SYNEX used to be a favourite of mine back in the days of when PC’s were popular purchases, thankfully we exited before Ipads et all became incredibly popular. I still believe that management is capable but their business model will have to shift, perhaps more towards a logistics firm rather than an IT distributor.

TMI
TMI sets 2015 revenue target of 20%, supported by work from the government. The proportion of sales to revenue in this segment is expected to grow 10%. This year, the company expects revenue to grow by 10-15% due to strong growth in modern trade business, especially from the expansion of its LED product line. (Kao Hoon, 04/12/14)