CK
CK not concerned about delays in public project bidding with the NCPO scrutinizing public investment projects to improve transparency. It expects 2014 revenue of not less than Bt30bn and will continue to bid new projects in late 2014 of Bt20bn, bringing backlog up to more than Bt100bn. (Tun Hoon, 27/06/14)
Comment: Thinking aloud, wouldn’t all construction companies be happier if there is less corruption in the system (this is one of my key themes/belief about the military coup)
HEMRAJ
HEMRAJ expects recovery in 2Q14 land sales supported by foreign investment because political problems have eased and the BoI is active again. It is preparing to transfer 400 rai worth Bt1.2bn and plans to set up seven new industrial estates. (Tun Hoon, 27/06/14)
Comment: Every industrial estate developer will recover over the next 12 months

HMPRO
HMPRO to invest more than Bt178mn to renovate its Rangsit branch and also set up a promotion campaign with up to 70% discount on products from June 27-July 16. It expects to bring in revenue of at least Bt106mn per month from its new Rangsit branch. (Khao Hoon, 27/06/14)
Comment: The main issue is to watch SSS growth from HMPRO and other consumer related plays

MEGA
MEGA said that 2Q14 will be better than 2Q13 and it expects 2H14 to be better than 1H14. It plans to launch a new product to help spur sales in 2H14. It said it is looking to expand into new markets in Sudan and Ethiopia and currently are negotiating on an acquisition deal. (Khao Hoon, 27/06/14)
Comment: Not much is known about MEGA in the market yet, for some reason brokers are pushing the fact that they have an incredibly strong distribution system in Myanmar.

PCSGH
PCSGH to go abroad, focusing on South Africa and Brazil. It expects to grow export proportion to 30% of total revenue from 10%. It confirms revenue of Bt5.15bn in 2014 and is ready to invest Bt300mn to expand capacity due to a number of Japanese orders. (Tun Hoon, 27/06/14)
Comment: They somehow have the BEST MARGINS out of all the auto manufacturers in Thailand.

PDG
PDG preparing IPO of 70mn shares and will list on mai in late September. It aims to use the funds to expand PET capacity and expects revenue growth of 10-15% in 2014. (Khao Hoon, 27/06/14)
Comment: Small IPO, small float = high opening price.

PRIN
Prinsiri refinances debt, eyes second-half rebound — The SET-listed developer Prinsiri Plc will issue Bt1bn worth of debentures to refinance the current tranche due for repayment. Senior vice-president Chairat Kovitchindachai said the debentures were aimed at large investors. Proceeds will help to pay Bt260mn due next month. Prinsiri plans to launch six new projects this year worth a combined Bt6.51bn. (Bangkok Post, 27/06/14)

SEAFCO
SEAFCO reports Bt1.0bn new work in 1H14, adding to current backlog of Bt1.5bn. It expects to book revenue of Bt1bn from its backlog this year. The company maintains its target revenue growth of 10-20%, but projects profit close to that of last year’s. It plans to bid for Bt500mn more in new projects. (Khao Hoon, 27/06/14)
Comment: The best piler in Thailand today.

SENA
Sena cuts new project launches – Sena Development Plc is maintaining its sales target of Bt3bn this year despite slashing its number of new projects to five from eight. Its revenue target is unchanged at Bt2.5bn, up by 25% from last year. (Bangkok Post, 27/06/14)