Stocks in the news (ace, amata, cbg, hemp, osp, pcc, sak) 15.05.23
ACE signed 2 waste power PPA combined 15.75mw.
AMATA mulls listing utilities services business, Amata Strategic Holding 1, under restructuring plan, will offer no more than 30% of paid-up and list on SET.
Comment: It’s a great CF business here…
CBG anticipates meaningful turnaround 2Q supported by lower aluminum & energy costs, improved energy drink sales in Vietnam after changed new distributor, larger sales from China, maintain 20% full year revenue growth target.
Comment: Could be a great turnaround play, though we are all hoping for a cheaper price…
HEMP: ticker changed to HEALTH, company name remains unchanged, effective May 17.
Comment: Add this company to your POS list.
OSP upbeats 2Q earnings from robust beverage sales during summer season, positive domestic tourism momentum, wider margins from lower gas price.
Comment: Remember they were the first movers to increase their ASPs , got hit on market share temporarily, & now their figures are returning, margins will increase and they won’t reduce the ASP despite the lower costs.
PCC signed substation upgrade project from Provincial Electricity Authority (PEA) valued at Bt191m.
SAK sees healthy credit demand from agriculture sector during crops season, target full year loanbook +25% yoy to Bt13.8b, NPLs <2.5%.