Stocks in the news (alla, bbl, crc, delta, gulf, makro, spali, sti, wice) 07.02.23
ALLA in talk with oversea partner to invest in recycled paper packaging business, aims to utilize expertise from industrial machineries, will finalize deal this year.
BBL upbeats 1Q loan growth, sees surging credit demand from corp & SME for working cap & business expansions.
CRC sets Bt150b 5-year capex in TH, VN, and IT, boosting mkt cap by 2.5X to become #1 in Next-Gen Omni-Retailer in Asia, sees 6-8% growth in retail business this year.
Comment: Lofty goals, I dare not bet against Central Group when it comes to retail…
DELTA: board-lot changed to 50 share from 100 share, effective today.
Comment: Well it looks like it has attracted the punters
GULF teams up with SingTel and ADVANC building a 20MW data center in Samutprakarn, commercial operations in 2025.
MAKRO sees FY23 turnaround from lower interest expense after complete refinancing US$ debt in 1H, sales momentum expects to remain strong from HORECA on improving tourism.
Comment: And now the question is how much will they benefit from the uplift in product prices and tourism activity in the country
SPALI mulls 34 new projects worth Bt32.7b, targeting Bt25.2b horizontal projects sales this year.
STI reaffirms solid 1Q from full quarter recognition of consultancy projects for dual-rail Denchai- Chiangrai and purple line MRT, ongoing projects including One Bangkok, Terminal 21 Rama 3, U-Ta-Pao airport development phase 1 to drive FY23 earnings, expects more to come after collab with strategic partner (UV), Bt4.5b backlog from 200 projects to realize over next 3 years.
Comment: It’s the acquisition that’s been driving the share price, but they are a decent operator.
WICE announced partnership with SAT to jointly develop logistic warehouse & distribution center, Green Logistic Hub, on SAT’s land in Bangna & Rayong.
Comment: Good move by SAT. They are one of the best Thai autopart manufacturers – this is a skillset that can be transferred to the WH&DC business with WICE.
Finance Ministry to submit EV battery investment incentive for Cabinet approval this month, before signing the deal with investors in March. EA, GPSC, NEX and WHA are among major players in EV space.
Comment: WHA will be the long term winner, why? Because they’ll get the cash payment from these companies that will go bankrupt without government subsidies and we’re the fools because the country is using our tax payers morning to fund this crap. I do want someone to prove me wrong on EVs being