Stocks in the news (advanc, as, com7, global, singer, toa) 13.05.22
ADVANC sees 2H turnaround from larger revenue from roaming service on recovery demand for travel, sees positive momentum in upmarket & corporate solutions, maintaining 4-6% FY22 revenue growth target.
Comment: No one (except for this one incredible lady who is reading this) comments on the fact that ARPU’s for 5g are rubbish.
AS will launch 9 mobile games for the remaining of year after debut 3 in 1Q, sees no downside from macro turmoil as mobile games is one of the cheapest entertainment, easiest to access, mulls listing subsidiary, CIB Development, in Malaysia later this year, firms on 15% revenue growth target.
Comment: If there are no lockdowns – will people game as much as they have in the past 2 years?
COM7 to launch share buy back from May 30 – Nov 29, max 30m share with Bt1b budget, paying no more than 115% of average closing price previous 5 days.
Comment: Well…ok, why not, they’ve proven to be able to shift business strategies over the past decade.
GLOBAL sees mid-single digit SSSG during Apr & May, allots Bt3b capex to add home retailing branches domestic & overseas.
SINGER plans to submit IPO filing of consumer credit subsidiary, SG Capital, to SEC by eo-2Q, expected to debut in 3Q.
Comment: This is going to be a positive for them, J Group cleverly raised a YUGE amount of capital from BTS group and the market last year. The only question will be the quality of the growth.
TOA: board approved 80% acquisition in cement based product producer, Fast-Mix for Bt81.5m, to expand building material products portfolio.
Comment: I think its a clever move, gets into a decent segment of the market