Stocks in the news (alt, htech, itel, pros, ram, rt, scgp, thai) 21.09.21
ALT reaffirms solid 3Q from revenue recognition of smart meter projects for Provincial Electricity Authority (PEA), expects to secure additional private PPA solar rooftop as demand for energy saving grows among corporate, SMEs & developers.
HTECH sees 100% yoy jump in profit this year to Bt132m, boosted by strong demands from EV related , expecting 34% growth p.a. until 2027, and weak THB, Tabloid.
Comment: 3 months ago the story was benefiting from sales of electronic components for crypto mining.
ITEL upbeats 2H earnings from strong network service revenue from larger coverage across 75 provinces, tailwind from data center and EPC 5G network expansion & maintenance services, in talk National Cyber Security Agency (NCSA) to joint expand training and network security services for corporate, finalize deal next year.
Comment: They’re winning again. You’re seeing all the projects that ITEL and ILINK were supposed to have been awarded since 2018 coming through now.
PROS wins 3 construction contracts to build 2 Lotus hypermarket new stores and ER building for Rajavithi hospital total Bt330m.
RAM’s board approved RJH share sales total 12.10m shares to THG & Rajathanee Pattanakarn total Bt323.92m.
Comment: Positive for THG, shouldn’t impact any operations/management/board at RJH as this is less than 5% of outstanding shares.
RT acquires a Bt102.85m reservoir construction contract in Prachuap Khiri Khan.
SCGP invests Bt11b to raise jv packaging paper production capacity in Vietnam to 870ktpa from 500kt currently, to capitalize on FDI in north Vietnam, cod FY24.
Comment: And you see why VN is kicking TH’s backside. VN exports more than Thailand since 2018.
Cash-strapped THAI’s putting 3 aircraft along with a flight simulator up for sale, as a part of its financial rehab plan and the ongoing push to modernise its ageing fleet.