Stocks in the news (advanc, bbl, bki, bjc, cpn, jmt, ner, ndr, nusa, syntec, true) 28.03.23
ADVANC said reported liquidity issue at 3BB wasn’t entirely unexpected, sees synergy from this acquisition, expected to complete by 2Q.
Comment: “We didn’t expect to get screwed by Pete” <= idiots.
BBL revised up full year card spending growth to 18% yoy from 15% previous guidance, after logged 17% growth 2M23, teams up ADVANC to roll out co-branded B First digital AIS points to draw online shoppers.
Comment: BBL is somehow outperforming SCB on every metric. Which we just find amusing…
BKI targets full year insurance premium +12% yoy to Bt30b, expects meaningful turnaround after wrapped up Bt8.7b outstanding Covid claims.
BJC’s board approve plan to list its 100% owned BRC (BigC Retail Corp), max 29.98% of Bt87.1b registered capital.
Comment: And voila – rumour was true, no surprise…they need the cash to pay down the debt…
CPN collaborates with WeChat Pay to offer promotion campaign & mobile payment for Chinese travelers, expects spending jump via tourist destinations including Central World, Central Village outlet, Rama 9, Chiang mai, Phuket, Samui and Pattaya.
Comment: They are the best at what they do. That’s it.
JMT upbeats 1Q outlook from positive cash collection momentum, tailwind from distressed assets management venture with KBANK (JK), allots Bt15b to add bad debts, firms on 30% full year revenue growth target.
Comment: So all those fears that the market had are going away? Tailwind is still there, tonnes of debt on all the banks books.
NER sees recovery momentum into this year, backlog until 3Q, on China reopening and rising demand from EU clients, firms on 500K tons and Bt30b revenue.
NDR cuts revenue target this year to Bt900-950m, from Bt1,000m, yet still sees yoy growth on economy recovery, sale channel expansion both at home and abroad.
NUSA’s board approved free warrants, NUSA-W5, total 2.76b units for existing holder at 5:1, XW Jun 14.
SYNTEC reported 3 construction contract signed YTD total Bt1.5b, lifts backlog to Bt7.1b, seeks to branch out to solar rooftop installation service, finalize plan in 2Q.
Comment: In the 2015-2018 period they were rocking n rolling doing projects for SPALI on top of everyone else. Now backlog is a q mark.
TRUE: Telenor Thailand Investment raised holding to 1.3118% to total outstanding on Mar 23.
Comment: Some funny transactions going on here. China mobile DID sell, (I was wrong in a previous post) and now Telenor has increased their weighting.