ANAN’s CEO, Chanond, sold 11.89% stake or 396.21m share to his Ruangkritya family members as part of internal reshuffling, leaving him with 38.98% stake.
DIF may sell new units @ Bt15.2, a 15% discount to previous close, while TRUE to pocket extra gain in 3Q from selling assets to DIF, Tabloid.
KKP anticipates big jumps 2Q from FA fees for Bt140b GPSC-GLOW deal, lower LLP and improved NIM from used car hire-purchase business, will book FA fee from TMB-TCAP Bt130b deal in 4Q, reassures record high profit this year.
Comment: Boom! Phatra is back to doing deals
HUMAN will launch new HR payroll software, Flexi-benefits & Workplaze, in August, sets Bt150m for M&A and develop account software, expects to wrap up 1 deal by end of-3Q, eyes 10-15% full year revenue target.
Comment: Looks like that drop recently was a great buying opp
PTTGC to raise HDPE plastic beads exports to China to 25% of total from current 20%, sees opportunity from supply shortage on ltd access to US output, to wrap up JV with Austria partner, ALPLA, to estimate PET & HDPE plant w 50ktpa in July.
SIRI mulls to scale back full year launch plan from current 28 projects worth Bt46.6, may cut FY19 sales target from Bt36b after 1H came Bt13b,
SQ to sign mining contract at Myanmar tomorrow, expects backlog jump >Bt50b from current Bt30b, expects meaningful turnaround after hit by Mae Moh mine land slide last year. Bt10b out of Bt55b backlog to realize 2H.
Comment: Internally there was a debate amongst us, we know that this is a ok business, rather stable long term business that was hit by a 1x event. Quarterly earnings will be lumpy, and thus should we buy a name that doesn’t exhibit obvious growth but is simply a value name and at one point in the future it may return its fair value? After writing this the answer seems like a yes