AMATA: signed MOU with BGRIM to joint develop 80 acres AMATA European smart city to capture demand for manufacturing relocation from European investors.
Comment: Hmmm……I could believe this. BGRIM will be the key driver for the power/infra, amata throws in the land. They’ve been working together for decades
AP: revealed FY23 launch plan 58 residential projects worth Bt77b comprise of 22 SDH, 27 townhome and 4 condos, upbeat earnings visibility from Bt42b backlog pending to realize till FY25, allot Bt20b budget to add landbank.
Comment: Market share to the big boys.
ASK: local fund, BBLAM, cuts holding by 0.0433% to 4.9592% of total outstanding on Feb 8.
Comment: I do wonder how these players are going to perform in a rising rate environment.
BANPU: is being added to MSCI for an upcoming reshuffle effective at the close of Feb 28.
HMPRO: reaffirms solid 1Q from positive SSSG fueled by shopping tax rebate stimulus, robust sales on home maintenance & decorative categories especially in tourist town, adding 8 branches this year.
Comment: They are just impressive in their ability to continue growing despite the stagnant economy.
ICN: wins procurement project from National Telecom valued at Bt152m.
SNNP: to host new plant tour in Vietnam on Feb 14, >10 AM signed up, tabloid.
Comment: Vietnam has been their shining light, and now investors are wondering whether this can be replicated in the Philippines.