ABM signs Bt2b contract to supply eucalyptus wood chips to Chinese customer, over 12 month period, with revenue coming in from 3Q22 onward.
Comment: Been a steady grower in revenue over the past 5-6 years but this isn’t shown in the bottom line.
SGF plans to double dealerships from 10 currently, boosting motor-bike financing, sees 10% lending growth this year from Bt2.1b last year, mostly from 2nd hand vehicles.
TIPH sees 2H22 earnings back to normal after all Covid insurance policies expired in July, 3Q earnings to fuel by recently acquired 80% stake in Erawan Insurance, expects sales momentum accelerate on demand for tax saving by end of year, will launch online channel in 4Q.
Comment: So how will the insurance firms grow their volume? Other than rate hikes I can’t see a reason for insurance firms to really move like they did during 2H21.
TKN: MAJOR raised holding by 0.0108% to 10% of total outstanding on Aug 22.
Comment: I just don’t know what value MAJOR sees here, I feel like they’re buying a dead brand, unless they can figure out how to monetise the character of TKN?
TMI upbeats outlook from strong UV-C lamp sales on demand to inactivating virus, expects positive sales momentum continued, supported by commercial, office, school, F&B, hotel, mass transit & hospital.
Comment: Doesn’t explain the share price move, earnings haven’t gone anywhere.
TOP’s senior unsecured debt rating was affirmed by Moody’s at Baa3, outlook to stable from negative.