DIMET
DIMET says 2014 will be in the black though it faced net losses in 1Q14 and 2Q14. The company expects recovery in 3Q14 and 4Q14 and is looking for a partner to support its business. It does not know what is behind the sharp increase in its share price. (Kao Hoon, 12/12/14)

GOLD
GOLD held extraordinary meeting yesterday to approve the purchase of KLAND shares at Bt2/share of up to 100% (1.78bn shares) from a minimum purchase of 51% (Thun Hoon, 12/12/14)
Comment: There was no secret in this transaction, it’s been on the cards for the past 6 months

IFEC
IFEC and DEMCO cooperating to develop renewable energy at home and overseas. They will set up wind energy with capacity of 280MW worth Bt22bn in early 2015. (Kao Hoon, 12/12/14)
Comment: I do wonder where the funds will come from for this? Neither DEMCO or IFEC has the balance sheet necessary to do this project.

IRPC
IRPC rejects hype on oil glut – It believes production will be cut to lift prices. Plunging oil prices have most oil analysts believing the worst is yet to come. But Thailand’s integrated petrochemical producer, IRPC Plc, is more optimistic, saying the oil glut may ease soon with a possible cut of oil production. (Bangkok Post, 12/12/14)
Comment: Well yes..but it may still be years away.

FOCUS
FOCUS preparing to bid for new project worth Bt1bn in December, 50% of which it expects to obtain. The company expects to complete Focus Ploenchit in 2015 to support its performance. It hopes to be in the black in 2015. (Thun Hoon, 12/12/14)
Comment: Focus is a strange little company with property and construction work, no idea on what is going on here.

KBANK
KBANK forming a partnership with Lombard Odier Bank from Switzerland to expand its private wealth clients. The bank reports that it has 8,700 high net worth clients who hold total asset of Bt700bn. (Kao Hoon, 12/12/14)

LHBANK
LH Bank will offer partner big stake – Land and Houses Bank (LH Bank) is poised to offer a significant stake to a potential strategic partner through capital increase shares. The partner can take the sizeable stake in either LH Bank or parent LH Financial Group Plc, said Anant Asavabhokhin, the major shareholder in Land and Houses Plc (L&H). (Bangkok Post, 12/12/14)
Comment: One of the worst kept secrets that CP Group is looking to buy LHBANK, if SCB will fully fund the purchase (like they have done many a time for CP Group) they wouldn’t be surprised to see it go ahead. Although I’m fairly certain international banks are willing to pay far more.

MEGA
MEGA expects revenue growth of 10% YoY in 2015 after domestic and foreign economies start to recover. The company is confident that net profit will grow 10% YoY in 2015. (Kao Hoon, 12/12/14)

MTL
MTL aiming at clients who want personal income tax exemptions before end of 2014 by offering endowment insurance with short, medium, and long terms. The company reports the largest new premiums in 10M14, +27% YoY. (Thun Hoon, 12/12/14)

NNCL
NNCL studying waste power plant after being given public sector support. It expects better 4Q14 earnings and expects to be in the black in 2015. Management reports that the company will sell 500 rai to a foreign company. The company is ready to invest in infrastructure supported by AEC. (Thun Hoon, 12/12/14)

NUSA
NUSA expects sharp earnings growth in 2015 with revenue of Bt3bn from 2014’s Bt2bn as it has backlog of Bt2bn and expects presales of Bt5bn in 2015. The company is preparing to introduce four projects worth Bt23bn and will conclude private placement share offering next week. (Kao Hoon, 12/12/14)
Comment: They have no cash today to finish their projects hence the requirement the PP, I wouldn’t trust this company.

RICH
RICH to book extra income of Bt450mn in 4Q14 from restructuring debt and selling TNP shares, bringing 2014 into the black. The company targets revenue of Bt5-6bn after it sets up a partnership to import steel to Thailand. (Kao Hoon, 12/12/14)

RS
Management to do roadshows in 2015 to increase foreign holding to 15% after its success in channels 2 and 8 has brought in more local institutional investors. The company has been efficient in managing its digital TV channels to where they were in the black in 1H14. (Thun Hoon, 12/12/14)
Comment: Second to WORK in terms of ratings but the upside potential is far higher here.

SEAFCO
SEAFCO expects revenue growth of 15% YoY in 2015 from Bt2bn in 2014. The company is waiting for a project in Myanmar worth Bt100mn that it expects to get within 2014 and is ready to bid for additional projects in Cambodia and Vietnam. (Kao Hoon, 12/12/14)

SUPER
SUPER obtains licenses to operate 14 solar power plants with capacity of 100MW. The company targets capacity of 400MW in 2015 with investment of Bt62-67mn/MW supported by exercising SUPER-W1 and W2 worth Bt6bn. (Kao Hoon, 12/12/14)

TASCO
TASCO says declining oil price lowers raw material costs. It expects good earnings in 2014 with revenue of Bt43bn. It expects strong demand for asphalt in 2015. (Kao Hoon, 12/12/14)
Comment: Despite solid earnings growth over the past decade the stock price still doesn’t move, I’m surprised.

THAI
THAI’s labor union to meet president Charamporn Jotikasthira. The union reports that it will give unlimited time to the president to work and hopes for clear improvement. (Kao Hoon, 12/12/14)

UNIQ
UNIQ projects 2014 revenue of Bt8bn supported by backlog of Bt30bn. The company is looking for a partner to engage in solar power. (Kao Hoon, 12/12/14)
Comment: UNIQ is pushing hard to become one of the big boys in the construction industry