Stocks in the news (advanc, ekh, htech, ichi, irpc, jwd, pimo, ptg, sena, snnp, tfm, threl) 10.01.22
National Telecom (NT) is in talks with ADVANC for a partnership deal that would see ADVANC purchases 10MHz of bandwidth on the 700MHz spectrum range from NT.
Comment: See there are still 3 telco players in Thailand.
EKH anticipates solid 1Q from RT-PCR tests on resurgence of 5th wave, will cod elderly care home & hemodialysis center this year, eyes 10% revenue growth target.
Comment: If the US CDC has stopped recommending PCR tests, why is Thailand still using them?
HTECH mulls up HDD production capacity from U.S. unit to fill demand for data storage from cloud services, data center & crypto.
Comment: HDD’s aren’t going away, demand from the server farms are still massive. And SSD’s can’t replace this given the higher costs.
ICHI will launch carbonate & CBG mixed drinks before end of 1Q, expects to wrap up 2-3 OEM order within 1H, mulls expand non drink portfolio to boost growth.
Comment: At one point these cannabis drinks will take off. Take your pick of the players (ICHI, OSP, TIPCO etc) that should win.
IRPC sees recovery refineries and petrochemical business this year, despite Omicron, sets 185K-190K bbl/day output.
JWD target 20% FY22 revenue growth supported by strong demand for logistic services from exports & e-commerce sectors, tailwind from cold storage venture with TU, reaffirms record high profit this year.
PIMO sets Bt1,200m revenue target this year, up from Bt1,000m yoy, after securing 8M worth of backlog, mulls new products and sets Bt45m capex for machinery to boost production.
PTG sets Bt5b capex to expand retail stations, non-oil business, add 30 EV chargers this year, expect marketing margins on fuel sales back above Bt1.8-1.9/liter, sales volume >10% yoy on absence of lockdown.
Comment: With high oil prices their marketing margins are going to be rubbish, but they’ll have an accounting gain on inventory.
SENA board approves plan to tender another 11.19% in JSP from Likhit Lueskaulkitpaisal at Bt0.50 for Bt235m, boosting tot stake to 35.35% post deal, expected to wrap up by March.
Comment: Now that’s interesting, JSP had a decent landback, but was an average developer…
SNNP sees record high profit in 4Q21, on exports to CLMV post lockdown, hemp products are lining for launches in 1Q22.
TFM upbeat FY22 earnings from full year recognition of feedmill unit in Pakistan (AGM-TFM), Indonesia unit (TUKL) to realize this year, sees no impact from swine disease as 50% of revenue structure derived from shrimp feedmill, 40% fish feedmill & 10% from livestocks.
THREL: local fund, BBLAM, cuts holding by 0.6666% to 9.7087% of total outstanding on Jan 6.