Stocks in the news (age, ap, bam, bcp, gulf, centel, cpf, cpw, pttgc, sabuy, scb, thai, trubb) 11.01.21
AGE reaffirms big jump 4Q20 from strong coal exports to China, logged FY20 sales volume above 3.5mt target, 1m tons backlog to realize till eo-2Q21, mulls to add vessels and trucks to boost transport revenue, seeks to expand power business.
Comment: I used to refer to them as baby banpu pre-2010. But they are traders of coal, not miners.
AP said its total transfers last year was Bt46b, the highest in industry, and up 40% yoy.
BAM expands online channel to mitigate risk on potential suspension assets sales if Covid persist in 28 provinces, touch base with Legal Execution Department to update situation.
Comment: Same story…they’ll be the big elephant buying debt at stupidly expensive prices and then towards the end of the year JMT and CHAYO can get the pieces they want at more reasonable levels.
BCP target opening of 3-5 Intanin coffee branches this year in Laos this year, while expansion is on hold in Cambodia until post-covid.
GULF sets Bt54-55b revenue target this year, no impact from Covid, to COD GSRC units with 1,250MW capacity and Makong windfarm in VN, 128MW, by end of year, and full year revenue recognition of BKP2 in Germany.
CENTEL’s in talk to wrap up 2 M&A deals in food business by this year, as home delivery business shows growth potential, while trying to control costs in hotel segment.
Comment: Adding brands to their network, they’re beating MINT. Waiting to see which group pulls off the first hotel M&A. Hearing a lot of potential movement in the market for this, though a lot is dependent upon banks’ not rolling over the credit lines.
CPF to sell 5 tranches CD total Bt30b, interest within range of 1.75%-3.8% pa, subscription from January 18-24.
Comment: These guys are great at using capital markets…
CPW sees IT & mobile sales pick up on fresh round of WFH, will revamp website & add new products to boost sales.
Comment: Iphone sales always help, we keep seeing ipad’s sold out in bkk center.
PTTGC said its Rayong plant is operating as normal, despite being a high risk area for infection.
SABUY raised holding in Vending Plus to 86.12% from 82.47% to strengthen footprint in vending machine business.
SCB temporary shutdowns 15 branches in 8 provinces severely affected by C19 till further notice.
THAI’s rehab plan may face fresh hurdle, after withdrawal of FA, Finansia Syrus.
TRUBB estimated rubber glove manufacturing subsidiary, Thai Rubber Gloves, aiming to create synergy from the raw material rubber supplier, add value to latex business chain.