Stocks in the news (age, com7, human, gunkul, major, mc, pjw, samart, rbf, rt, wph, xo) 23.05.23
AGE sets 5.2m tons coal sale target this year to Bt23b, to Bt30b by 2025 with 7m tons sales target, mulls 1 M&A deal by end of year.
Comment: And the good days of AGE are over for now (relative to 2021/2022) but realise that the figures are still going to be 3x higher than 2019…
COM7 targets 20% full year revenue growth driven by larger mobile & IT stores coverage & online platform, tailwind from PET shop business (Pet Paw) and pharmacy business under jv BDMS (Dr Pharma).
Comment: After a decline in the industry of -20% for 1Q23, it’ll be interesting to see how they are going to compete, or just simply take market share from everyone else.
HUMAN reaffirms 15-20% revenue growth target, continue to build Workplaze brand, emphasizing large corporate, expecting 20% avg revenue growth in 3 years.
Comment: Is the market finally realising that there is no such thing as thai tech? And that in reality they are distributors for salesforce & oracle?
GUNKUL’s positive of wrapping up deals in Vietnam under PDP8, sets Bt40b capex 2023-28, averaging Bt6-7b p.a., Bt5b backlog, sets 138% EBITDA growth, to file for listing its unit, Gunkul Power Development by end of 1H.
Comment: Yes, but the company still has a YUGE question mark regarding its land…
MAJOR to divest entire holding in MPIC 1.202b shares (92.46%) to Khanngoen Nuanual at Bt0.54/share total Bt650m.
Comment: There’s another Tom Cruise movie coming out this year, this man is single handedly saving the cinema business, you’re all going to watch it in the cinema. Wasn’t Top Gun 2 the greatest movie of the past 4 years? MI8 will take the cinema industry to heights never seen.
MC: Mindo Asia Investment cuts holding by 0.1704% to 5% on May 16.
PJW to cod plastic medical equipment production line by end of year, to branch out from plastic packaging & auto parts for new S-Curve, eyes 10% full year revenue growth target.
SAMART’s unit, TEDA and jv of China National Heavy Machinery Corp & Future Electrical Ctrl co., consortium wins procurement & construction of 500kV transmission line from EGAT total Bt1.155b, TEDA portion at Bt629.21m.
RBF to install solar-rooftop at 3 of its subsidiaries to save costs.
RT wins Khlong Aeng reservoir construction contract valued at Bt678.85m.
WPH sees recovery in 2Q on Wattanaphat Hospital Samui revenue recognition, firms on 15% revenue growth target this year, with foreign patient revenue exceeding 8% share last year.
Comment: Oh hello (this name has been mentioned in the telegram group…), new hospital opened, some pre-opening costs to deal w/ & then a high base YoY comp due to covid revenues last year, once this is worked through, will it follow the same storyline of BCH and CHG?
XO revised up full year sales growth target to 20% from 10% prior supported by new sauces & curry pastes orders from North America.
Comment: Simply a perfect example of how to utilise the The Thai Brand well globally.