FPI

FPI aims to access trading market and increase capacity after completing its warehouse in 4Q14. It wants to increase marketing staff to support sales. It expects 2014 revenue of Bt1.9bn and 2015 revenue growth of 15%. (Khao Hoon, 02/07/14)

JAS

JAS repurchases shares for four days. The number of shares repurchased has hit10.7mn shares or equal to more than Bt90mn with the highest repurchase price at Bt8.50/share. This year, the company plans to increase its customer base to 1.7mn. (Khao Hoon, 02/07/14)

Comment: Everbody loves a share repurchase, are they doing this just to bide the time before their white elephant of an infrastructure fund is launched?

LALIN

LALIN presales Bt1.63bn. It aims at 2014 presales of Bt3.2bn. It expects revenue growth of 15-16% to Bt2.7bn in 2014. It will launch 5-6 new projects in 2H14 and expects recovery in the economy and the property market. (Khao Hoon, 02/07/14)

MAJOR

MAJOR plans to increase ASEAN revenue proportion to 15-20% over five years from currently 5%. It has formed a partnership with Cambodian cinema and bowling operator with a three-year payback period. It will invest Bt500mn to set up 4,000 cinema screens in Laos, Vietnam, and Myanmar within 2020. (Tun Khao, 02/07/14)

Comment: Their first expansion in Cambodia will be hugely positive with the AEONT group, surprisingly (or not) Thai Cinema is incredibly popular in its neighbouring countries, there is no reason why MAJOR can’t dominate the Mekong region.

NOK

NOK reports passenger traffic recovered in June and expects cabin factor of 80% in 2Q14. It expects a better performance in 2H14, backed by many bookings and six new aircraft. It expects revenue growth of 10% in 2014. (Khao Hoon, 02/07/14)

Comment: Similar to AOT the other day, I’m expecting for every service firm to have good 2H14

SPCG

SPCG completes COD of all 36 solar farms with a total operating capacity of more than 250MW. It will begin to book the additional revenues starting 3Q14. It also aims to invest in Japan. The company expects revenues of at least Bt3.5bn this year. (Khao Hoon, 02/07/14)

Comment: And now they’ll make a fortune for the next 8 years, after that who knows.

TKS

TKS business stronger in 2Q14 supported by demand for printing football lottery tickets. It plans to revise its target revenues this year up from its initial 10% after 2Q14 as it expects 2H14 to be stronger on seasonality. (Khao Hoon, 02/07/14)

TRC

TRC to get contract to build 4th gas pipeline worth Bt600-700mn and has backlog of Bt4bn. It expects 2014 revenue of Bt4bn. (Khao Hoon, 02/07/14)

TTCL

TTCL expects profit to grow by more than 50% this year, with 2Q14earnings to increase YoY and QoQ. It expects to get new work worth more than Bt60-80bn in 3Q14, lifting backlog to Bt100bn. It expects to continue booking revenues from its power plant in Myanmar. (Khao Hoon, 02/07/14)

Comment: Arguably the best performing construction player (in terms of profit improvements) along with CNT over the past few years