AH inked deal MG to expand downstream to dealership biz, sees opportunities from PHEV & EV transition, eyes 20% revenue growth target.
Comment: The shift to EV etc has zero impact on the business of companies such as AH, as they don’t manufacture engine parts…
AUCT teams up BAM to host NPA auction on Jun 8, 250 items total Bt600m up on sales, open for sign up from May 20.
CHAYO sees NPL in the system +3% yoy account for Bt580b, sets Bt1.1b budget to add more debts.
Comment: There amount of new NPLs are 2x the purchasing capability of firms such as CHAYO
CPF spends Bt404m for a pig farm business in Russia along with crop farming.
Comment: Just have a look at CP’s youtube clips of their Chinese chicken factory 100% robots (okok 98%)
GENCO’s subsidiary, Genco medical, signs MOU University of Technology Phra Nakhon to R&D cannabis for med use.
HTECH anticipates positive HDD sales momentum carry thru 2H from healthy hardware demand for digitalization, remote working and crypto boom.
Comment: There are no HDDs’ available in Thailand for retail purchase at the moment (of a decent size) hence their performance and stock price move (and yes we missed it….) I wasn’t sure if this is just a temporary situation i.e. who bought HDDs? Weren’t inventories always low for the past few years? Whatever, was wrong, there’s a boom here.
MINT in talk to sell 4-5 hotels in EU total Bt15b, aims to preserve liquidity to cope with uncertainty.
Comment: EU #’s are picking up quite strongly. Sitting in TH one feels depressed, the Oz market is doing pretty decent as well.
NSL: bakery & baked food manufacturer feeding convenient stores, NSL Foods, debuts IPO 75m shares at Bt12 apiece.
Comment: Small float and boom!
ORI reports 4M21 residential sales topped Bt10b, 2Q momentum remained strong from transfer of 4 projects, Bt11.5b out of Bt35b backlog to realize this year.
RS and PLANB in 51:49 JV in e-commerce business, to explore and develop business strategy and mkt products nationwide, operation in 3Q21.
Comment: RS is just doing anything and everything that can make money
SCGP may be added to FTSE, announcement on May 21, after being added to MSCI at close May 27.
TASCO keeps 1.2-1.25m tons asphalt sales target this year, vs 1.75m tons last year, while selling price remained relatively firm yoy.
Comment: Watch their margins….