Stocks in the news (aot, auct, bgrim, ori, pin, plus, samart, thcom) 13.02.23
AOT expects to see total passengers thru its 6 airports this fiscal year, ending September 23, at 95.7m, a 68% recovery vs pre-covid, and sees 141.57m in next fiscal year, which is at 99% of pre-covid level in 2019.
Comment: Same story…..let’s see in 12 months
AUCT upbeats FY23 outlook from strong traffic at auction yard as demand for van & commercial vehicles accelerate on the back recovery tourism.
Comment: Still love the business model, management has kept it going strong, though the moment they tried to expand into different assets/product segments they flopped.
BGRIM signed MOU to supply electricity to Malaysia state-owned, TNB Power Gen, as well as exploring new business opportunities.
Comment: BGRIM is becoming the energy provider of the region.
ORI forms venture with Tokyu Land Asia to joint develop 3 budget hotels including Ibis Phuket Kata, Ibis Hua-Hin and Ibis Style Krabi Ao Nang.
Comment: And they’re still growing!
PIN signed MOU with Industrial Estate Authority (IEAT) to joint develop 462 acres Pin Thong Industrial Estates phase 5 in Sri Racha, Chonuri province, target cod 4Q24.
PLUS sets 30% revenue growth target this year, on expansion and new products, as well as revenue recognition from PET production from 2Q23, with Bt200m capex to boost output by 76m bottles/year.
SAMART’s subsidiary, Samart Aviation Solutions, to submit IPO filing by end of April, mulls listing on SET within September.
THCOM’s board approved Bt15b capex for 3 new satellites, 3X larger than Thaicom 4, sets Bt18b rev p.a., with 1st 2 to be launched late next year.
Comment: And finally there is something happening at THCOM, think it’s interesting, though i’ll wait 12 months…