ANAN: reported disposal of subsidiary, ADC-JV28 co., for Bt2.61b, expects to book Bt506m gains in 4Q.
Comment: So they couldn’t complete the project and had to sell early to raise cash?
EGCO: signed MOU with Hitachi to joint develop EGCO Rayong smart city in EEC area.
ITC: establish subsidiary in China to expand pet food market, mulls tap in OEM order for private label, developing new opportunities for pet related business.
Comment: Bet against Thailand’s pet food industry expansion at your own expense
PTT: subsidiary, Nuovo Plus forms venture with Chinese battery maker Gotion High-Tech to build Li-ion battery pack production line in TH, target initial capacity at 1GWh p.a. and to be scaled up to 2GWh by en-FY25, aims to cod before end of FY23.
WHA: sets Bt68.5b capex for next 5 years, will focus on development of industrial land, warehouse & facilities to fill demand for EV makers & suppliers relocation to SEA.
Comment: That’s a massive plan if the figure is correct…
DELTA, RATCH, COM7, CENTEL are expected to be added in to SET50 index for 1H23 upcoming announcement today. THG, AAV, NEX, JAS & SABUY among top candidates for SET100, tabloid.
FTSE SET Index rebalance effective at the close of Dec 16.
- *FTSE SET large cap*
- *In: AWC
- *Out: JTS
- *FTSE SET Mid Cap Index*
- *In: JTS, RAM, TLI
- *Out: AWC, BTSGIF, TFFIF