Stocks in the news (akr, cpf, ktc, rcl, rs, tccc, wice) 25.04.22
AKR sees 1Q transformer sales +20% yoy driven by renewable & EV chargers expansion, aims to secure 10-15% of Bt2.5b current bidding, target 20-25% revenue growth this year.
CPF to list CP Vietnam in Vietnam. CPV generates Bt60-70b revenue p.a., or 20% of revenue, spinning off wud help raise fund for Bt10b chicken complex in Vietnam.
Comment: The vietnamese market is going to learn that CP listed and run co’s are great at extracting value for the family and not for minority shareholders.
KTC anticipates turnaround cards spending from improved travel outlook, tailwind from auto title loans, remained prudent on credit screening.
RCL expects full year margin remained strong from ability to hike freight rates from demand/supply container vessels mismatched, cost push from bunker & freight premium from war.
RS reaffirms solid 1Q from improved ad spending and contents sales, sees positive momentum carry thru 2Q from jump start organizing events, will add hemp supplements on RS mall e-commerce by end of 2Q, maintaining
Bt5.1b FY22 revenue target.
Comment: Their sales have been rubbish, it’s going to be interesting to see how much they’ve cut marketing and sales costs and whether this will help the company show a profit in 1Q22, if so expect the key brokers to call this a turnaround year
TCCC sets 10-15% revenue growth target, on foreign partners and new products, pays Bt0.18 dividend, XD April 28.
WICE’s firm on 3,000 Laos-China transport train trips this year, after 200 in 4M22, boosting revenue by Bt500-600m, sees more traffics both air and sea to help achieve Bt9b revenue target, +20% yoy.
Comment: They are just continuing to grow and grow and grow.