Stocks in the news (advanc, bch, cbg, grammy, rs, mitsib, pr9, mtc, seafco, sq) 29.03.23
ADVANC sets 4-6% EBITDA growth target, excluding 3BB, expects virtual banking license by 2Q23.
Comment: They should exclude 3bb as they can’t pay on time..
BCH reaffirms Bt13b full year revenue target driven by higher IPD & OPD traffic yoy, larger contribution from international patients via 3 hospitals in Chiangrai province due to PM 2.5 particles, upside from SSO patients as authority mulls revise up benefits per head this year, expects clarity by mid-Apr.
CBG sees no impact from sugar tax phase 3 despite production cost +Bt0.03/bottle, improved logistic efficiency from venture co., with MENA transport & larger market penetration via CJ More and TookDee convenience stores, tailwind from strong oversea sales continue to boost growth.
Comment: First announced….6 years ago or so, the companies have been well prepared since pre c19
GRAMMY and RS in collaboration to hold big concerts, Across the Universes, with >100 artists from both camps over 3 years, target Bt660m rev and Bt300m profit.
Comment: They’re squeezing as much as they can out of their IPs…
MITSIB’s approached by commercial banks and group of business, seeking partnerships, sees solid growth in 1Q on economy recovery, boosting demand for auto loans.
Comment: Not sure why commercial banks would approach them…their b/s can’t service any decent auto loan growth
PR9 seeks to expand international patients traffic via referral agreement with hospitals & clinics in Cambodia, promote IVF clinic thru marketing agencies in China, maintain 10% full year revenue growth target.
MTC anticipates better credit costs management this year as tightening cycle coming to an end, focusing on credit quality to curb NPLs, expand segment coverage thru used vehicles auction, credit demand ahead of election and schools open semester in 2Q fuel earnings.
Comment: Oh really? I would still like to see a breakdown in customers and how many are on their ‘000 refinancing upon refinancing of refinancing.
SEAFCO upbeats 1Q from recovery margins supported by jump start foundation work of south purple line MRT extension, eased labors shortage & lower fuel cost, expects to secure additional backlog from current Bt9b bidding, up from Bt1.5b outstanding.
Comment: Implies that companies and the government contracts have
SQ wins operate & maintenance services contract for waste line 2 conveyor expansion project from Hongsa Power valued at Bt2.275b.
Comment: Still works on a great long term contract basis for their major projects, the issue in analysing this company is to figure out whether/when they are recognising revenues.