Stocks in the news (amata, color, egco, nwr, sabina, shr, siri, tvo) 10.06.21
AMATA keeps full year land sales >400 acres after logged 122 acres 1Q21 from Thailand & Vietnam IE, 60% out of Bt1.82b backlog will be transfer this year, expects booking pick up 2H as Covid eased.
Comment: Basically they won’t see any pre-covid levels of sales until 2023 at the earliest.
COLOR embarks into renewable energy business, starting with solar buoy production in Aug-September, hoping to contribute 10% of total in 2-3 years.
Comment: Feasible given their products are a material for floating solar panels.
EGCO to book contribution from newly acquired Linden Topco US in 2Q, keeps aggressive expansion plan next 5-year with Bt150b capex.
NWR sees 2Q21 revenue on par qoq, supported by Bt36.1b backlog, 25-30% of which will be booked this year, eyes Bt34b worth of projects with 10% winning rate, keeps 20-30% revenue growth target this year.
SABINA launches Esther Bunny collection, target 25% sale growth in new collection in 2Q.
Comment: I’m more curious on their ability to show margin recovery.
SHR anticipates 2H turnaround on UK plans to remove Covid restrictions from Jun 21, expects OCC recovery at 3,042 rooms aggregate from UK property at Mercure & Holiday Inn LDN, Brighton, Manchester, Edinburgh, Glasgow
Comment: An explosion of global demand coming.
SIRI mulls raising this year transfer target from Bt31b in 3Q on recovery and re-opening.
Comment: They are mulling how to increase their share price.
TVO sees solid 2Q from 13-15% sales growth, boosting FY21 revenue by >50%, a record high.