Stocks in the news (abm, aot, apo, bem, nex, tu) 02.04.24
ABM: AGE raised holding by 0.2802% to 5.24% on Mar 28.
Comment: Why is AGE buying into a loss-making, above BV bio mass co?
AOT: Coral Finest Business Class Lounge (Cocoon), International Concourse C, SIA received Pioneer of the Year award from Priority Pass for unique & innovative services, Miracle Lounge Domestic Concourse D, SIA awards all star of the year for stand-out-lounges.
Comment: And …. so? this is a Investor relations because…? Doesn’t matter, traveller #’s up, rates up, I was flying for 3 weeks straight, Bangkoks’ Airports are buzzing.
APO: palm oil producers & biogas power producer, Asian Palm Oil, debut IPO 100m shares at Bt0.99/share, Asset Pro (APM) leads.
Comment: If you haven’t noticed over the past decade or so, ASSET PRO are the PUMP KINGS
BEM sees 3 days avg MRT ridership (Mar 29-31) at 1,269,502 trips/d thanks to Bkk International Book Fair & TH Tourism Fest at Queen Sirikit National Convention Centre.
Comment: Oh – all time post-covid highs?
NEX in talks Chinese partner to expand commercial EV business abroad, expects wider margin after motor & wiring plant completed, will sign 1k EV purchase order by end of 1H, firms on 5,560 FY delivery target.
Comment: Layers of crooks, upon crooks, upon crooks.
TU’s credit rating upgrade to A from A-, stable outlook at Japan Credit Rating (JCR).
peter satrapa-binder
APO: nice pump today, but a palm oil & biogas producer with a PE of app. 18 (based on the IPO price and their 2023 financial results)?
seems we are back in high PE land for IPOs. 🙂
I do know that PE is not all in determining a stock’s value, but still it strikes me as a mite high.
don
agreed. this market is quicksand. check the greed index 🙂
Don
Thanks Pon for all of the work turning over the stones that SET snakes hide under. A pat on the back for me, please 😉 my letter to the BP published y/day ”Message to Despots” got published. . don’t forget to visit me in attitude adjustment camp 🙂
I think the biggest overhang in market sentiment has to ge the outloook for MFP . I see this this as the final straw. any thoughts? tia.
Pon
I was looking for this last week, couldn’t find it – mind sharing the link?
Don
excuse the delay, here you go. quite surprised that it did make it to Postbag. after about a delay of a week, between submission & publication. . actually that link will not work. nor will copy/paste.. date of publication was April 2, 2024: i’ll try to send you a screen capture.