Stocks in the news (age, bay, biz, cpnreit, intuch, gulf, pttgc, tacc, top) 04.02.21
AGE eyes 5.5m tons FY21 coal sales volume target from recovery demand in SEA, seeks to branch out from coal sales & transport to logistics & renewable energy to diversify risk, target full year revenue >Bt11b.
Comment: Realise that they benefit from the rising coal price environment seen since the end of 3Q20 (coal prices doubled). But this trend is not consistent.
BAY target 3-5% loan growth yoy, sets Bt8.5b capex to upgrade IT, aiming to expand digital lending & consumer credits to up margins, target full year NPL <2.7%, will list auto loan unit, Ngen Tid Lor, on SET this year.
Comment: Whispers say that it will be mid year.
BIZ secures Bt329m contracts to supply medical equipment to 2 state hospitals, boosting backlog to Bt2,394m.
CPNREIT to sell additional 355.56m units at no more than Bt19.5 apiece, RO 8.2967:1 for existing shareholders of CPNREIT & 5.6225:1 for existing shareholders of GLANDRT, subscriptions from February 8-10, existing shareholders have first right of refusal, public subscriptions from February 15-16.
Comment: Makes sense for the group to consolidate their purchase of GLAND
INTUCH: GULF raised holding by 0.0357% to 15% of total outstanding last Thursday (January 28).
Comment: GULF is going to control AIS at the end, they love their monopoly/oligopoly/concession industries/businesses.
PTTGC sets Bt30-50b to invest in EEC over next 2-3 years, expanding products and adding value.
TACC sets 10-15% revenue growth target this year, adding more drinks to 7-11’s cold dispenser and All Café and expanding to other markets.
TOP: GIC raised holding by 0.0751% to 5.0197% of total outstanding last Friday (January 29).