ADVANC reported 3Q net profit @ Bt6.37b, -2% yoy vs Bt6.54b consensus, subscribers rose to 43.7m, BB topped 1.6m subscribers, ARPU slightly drop from competitive air time package, will start digital lending venture with SCB (AISCB) 1Q22.
AS will launch 3 mobile games before end of year, developing virtual reality (VR) games to capture growing popularity, maintain 15-20% FY21 revenue growth target, 15% next year.
Comment: I still have my doubts on management executing, could be wrong, perhaps this new world has given be a opportunity to be a phoenix rising from the ashes.
BGC upbeats 4Q earnings from recovery demand for bottles after alcohol ban lifted, mulls paying dividend upcoming board meeting Nov 11.
JP: health supplements, cosmetics, traditional medicines producer, JSP Pharmaceutical Manufacturing (TH) debut IPO 115m shares at Bt7 apiece, ASL Sec leads.
Comment: Should be another beautiful pop.
NEX in talk Japan partner to manufacturing e-commercial truck, aims to branch out from EV bus to capture new segment.
PLANB sets Bt50m capex for e-sports business next year, targeting marketing and promotion, by expanding footprint from e-football Thai league 2022.
Comment: E-sports should be far larger in Thailand, the industry is massive.
SCCC’s 3Q net profit @ Bt676m, -24.7% yoy, topped Bt623m consensus.
Comment: Coal price pressure
TIPCO rolls out holiday campaigns to boost sales, expects sales pick up as demand for fruit juices & water grows on reopen, hamper for New Year season, maintain Bt4b FY21 revenue target, will launch hemp-mixed beverage 1H22.
Comment: So is next year the period of this name to rise again with the hemp theme.
UTP maintains Bt1.2b liner boards & paper containers sales target in 4Q supported by demand for packaging for holiday season, CODed of new production line, improved selling price, expects wider margins as paper pulp price shrink to Bt8.6k/t vs Bt11k/t after China scaled back orders, eyes Bt4.5b sales target next year.
Comment: So they’ve kept the high ASPs whilst raw mats are declining.