EPG
EPG is preparing to sell 700mn IPO shares and list on SET in late 2014. The company will use the funds from the IPO for business expansion. (Kao Hoon, 06/10/14)
Comment: No idea about this company. But I suspect it will be the same story

FPI
FPI continues to expand margin and expects peak performance in 4Q14 as the company has obtained a number of orders. FPI is confident that revenue in 2014 will reach Bt1.9bn and will be a record high in 2015 as its warehouse has been completed, adding production capacity of 30%. (Thun Hoon, 06/10/14)

KTB
Management reaffirms that it will set normalized provisions in 3Q14 and expects loan growth to grow in 4Q14 from several major clients. (Kao Hoon, 06/10/14)

MC
MC sees sales this year will grow by its target of 20-25%, with sales in 4Q14 to be strong on seasonality. It will continue to expand both at home and abroad. (Kao Hoon, 06/10/14)
Comment: Growth for MC comes from store expansion, but if you look at SSSG, you’d be quite disappointed.

SINGER
Singer Thailand keen to pursue M&A – SET-listed Singer Thailand Plc is exploring inorganic growth in an effort to bring its annual sales growth back to 20% in the long run. The company, a distributor of sewing machines and other electrical appliances, is keen to acquire other distributors and manufacturers of consumer machinery products, chief executive Boonyong Tansakul said. (Bangkok Post, 06/10/14)
Comment: SINGER needs acquisitions if it wants to maintain its high growth rate of 20% p.a., in a way they have done incredibly well in tapping the upcountry market, and if any acquisition provides them with additional customers to sell through its current products then it can be a net-net positive.

SOLAR
SOLAR is out of cash balance trading list today. Management confirms the bright outlook of its business as it is studying to set up solar power plant in Malaysia and Japan after it has completed a 16MW project in Myanmar. The company expects revenue of Bt2bn in 2014 and has potential to obtain a community solar power plant of 200MW and a solar rooftop for Thammasat University on 10 rai. SOLAR expects 4Q14 performance to peak. (Thun Hoon, 06/10/14)

TAE
TAE’s management expects revenue of Bt2.3bn from Bt1.67 in 2013. It expects 2015 to be a good year, as demand for ethanol continues increase. It also hopes the government will lift the price of ethanol. (Thun Hoon, 06/10/14)

TICON
TICON affirms revenues target this year at Bt6.6bn, rising to Bt7bn next year, driven by expansion in factory and warehouse space. It is also waiting for the SEC to approve the setting up of its REIT worth Bt4-5bn so that it can start selling this November. (Kao Hoon, 06/10/14)
Comment: TICON has been strapped by their balance sheet D/E reaching 3:1 levels and occupancies rates declining because of electronic firms leaving Thailand. The REIT does help them more b/c of its ability to leverage further.

TSE
TSE is preparing to sell IPO shares in mid October and list on mai in late October. The company said that it will eliminate accumulated loss of Bt234mn on the balance sheet. (Thun Hoon, 06/10/14)
Comment: MAI? Small IPO, 1 day pop, with an accumulated loss wiped out, don’t be surprised to hear management say they will pay their first dividend post IPO

VGI
VGI signals that FY2Q15 will be strong after it booked revenue for all its advertising platform screen doors. It is confident that revenue this year will grow 13-17% as targeted. It plans to continue acquiring more businesses. (Thun Hoon, 06/10/14)
Comment: Their monopoly on the BTS advertising holds strong and this continued with its expansion to out door media as well as the retailers will only help the company grow stronger