Stocks in the news (akr, bbl, ck, kbank, jmt, mk, nok, rbf, ssp, tacc, tm) 05.07.21
AKR will bid for govt infra procurement projects total Bt3b in 2H, aims to secure at least 10% of total bidding, sees demand for transformer remained strong from powerplants expansion, Bt300m backlog to realize this year.
BBL’s accelerating NPA sales to tackle NPLs in 2H.
Comment: BBL’s senior management doesn’t bother to get onto Zoom calls to make a move. Fastest players here are SCB at dumping their crap.
CK signs contract with TTW to revamp Banglane tap water plant & distribution pipeline total Bt330m.
KBANK signed 10-year contract to sell insurance products for Muangthai Life Insurance MTL, expecting to book Bt1.27b each over next 10 years, excluding commission and bonus.
Comment: Left pocket right pocket.
JMT reaffirms new record NP in 2Q21, sees outstanding port at Bt220b and will keep growing over next 1-2 years from covid.
Comment: I’m still of the viewpoint that JMT should double their equity and take up as much of the debt possible in the market before new players start coming in strongly. There’s so much supply for NPLs
MK: Finansa raised holding by 1.2188% to 30.9642% of total outstanding on July 1.
Comment: Could MK assets be “tokenised” ?
NOK: THAI cuts holding by 4.3712% to 8.9129% of total outstanding on July 1.
Comment: They dumped it on the last trading day for NOK.
RBF secured permit for CBD-THC plant, 1st in Thailand and SEA, will start talks with potential clients in F&B business, to start realizing from 4Q21.
Comment: That sweet sweet weed storyline is coming back.
SSP to acquire 9.9mw biomass powerplants, seeks holders approval tomorrow (July 6).
TACC reaffirms FY21 turnaround after added beverages sales via online channel, eyes 10-15% revenue growth target.
TM anticipates positive sales momentum continue 2H21 supported by online channel via TM care shop, sees strong demand for face masks, supplements, personal care & sanitizing products, firms on Bt700m FY21 sales target.