ADVANC agreed to pay JASIF Bt3b in advance for fiber-optic rental, to sweenten the deal for its acquisition.
ASIAN: SEC approved IPO filing of its pet food unit, Asian Alliance Int’l (AAI), to sell up to 637.5m shares, TISCO leads.
Comment: I look forward to seeing this IPO, Asian hit gold with the pet food business.
CH maintains Bt1.7b FY revenue target, net profit margin >5%, upbeats OEM snacks sales outlook as demand for house brand products from retailers grows to boost margin, mulls tapping in plant-based snacks to capture health conscious consumers, target 10% revenue growth next year >Bt2b.
Comment: Not sure why an OEM should be valued so highly with no real growth unless there’s a story that punters know.
ICN targets Bt2b biddings in 2H, including the biggest Smart City projects worth Bt300m, boosting backlog to Bt4-5b, sees 20% revenue growth, a new record.
JKN penetrate via IPTV network to boost viewers of its JKN-CNBC biz news channel, teams up ADVANC to stream contents via AIS Play to capture 8m subscribers.
Comment: I can’t see a reason for anyone to watch JKN channels, it’s a trading business they need to have the distribution rights for another hit for this stock to make sense.
NEX said Bt8b revenue target for this year will help wipe-out Bt400m retained losses, sees 100% revenue growth next year, boosted by truck and EV trailer productions, 15K output target.
NSL reaffirms solid 3Q from strong OEM sandwich & bakery orders from 7-11, new mini mart & department store clients on board, sees upside from 7-11 expansion in Cambodia.
Comment: A beta play on 7-11 expansion, but with a capex/margin expansion upside.
PTG keeps 15% revenue growth target this year, 6-10% oil sale growth, may see record profit in 4Q on recovering tourism.
SNNP’s Indonesia venture co., 85:15 with local partner to complete within September, plans to set up factory for Jele Beauty drink, Bento seafood snacks & Lotus stick biscuit, target cod 1Q23.
Comment: If you don’t have the distributors in Indonesia you’re screwed.
TRU revised up FY22 revenue growth target to 35% yoy from 25% prior driven by custom vehicle orders, OEM assembly, E-Bus, E-Truck, E-TukTuk products.
Comment: these players are benefiting from a shift of orders back to Thailand given china’s ridiculous lockdowns. EVs aren’t going to have any impact for growth, as its just replacement…
TWPC sees stronger 2H from core food business both at home and in VN, from newly launched vermicelli product and alternative energy business.
Comment: Other than having a strong brand, their sales and distribution network sets them apart.
WICE sees recovery momentum into 3Q on seasonal demand for sea freight and cross border services, focusing on synergies with associated cos and e-commerce, firms on 20% revenue growth target, mulls EV biz with partners.
Comment: Oddly unloved by the market despite the great numbers, been told that a well known followed analyst had downgraded them and all the retail and local insti’s dumped it.
Home Improvement stores & building material are expected to benefit from demand for renovation & construction posted flooding positive CRC, DOHOME, GLOBAL, COTTO, DCC, DRT, TASCO, Tabloid.
Comment: First learnt about this narrative when the tsunami hit phuket nearly 20 years ago….