Stocks in the news (aot, cpn, irpc, glory, grammy, ratch, sawad, bfit, stanly, tcap, uac) 25.10.21
AOT: sees earnings at trough cycle, expects FY22 loss narrow to Bt4b from Bt15b loss this year, target 62.3m passenger arrival in FY22 & 116m FY23.
CPN: opening 2 malls this week, Central Sriracha on Wed & Cental Ayudhaya on Saturday, reassure FY21 earnings no less than last year.
Comment: They are the giant in mall retail, there is no real competition.
IRPC: mulls increase cracking capacity to 195k bblpd in 4Q to capture demand for energy & chemical.
GLORY: online publisher, Glory Forever, debut IPO 70m shares at Bt2.8 apiece, FNS leads.
Comment: Going going going, another IPO that fits the usual profile.
GRAMMY: local fund, BBLAM, cuts holding by 0.0314% to 4.9717% of total outstanding on October 19.
RATCH: holders approved plan to acquire 45.15% stake in 2,045mw coal-fired power plants from PT Pairon Energy Indonesia, major power source in Java for Bt25.4b, transaction to completed by March 22.
Comment: Ooof, I always get nervous seeing thai companies buying coal plants in indonesia, locals aren’t stupid…
SAWAD: subsidiary, BFIT, reported 3Qnp @ Bt218m -49.3% yoy.
Comment: This sub is annoying to figure out for their #’s, some quarters are amazing, others aren’t, sawad is clever at moving capital around…
STANLY: reaffirms 2H21 turnaround (Oct21-Mar22) supported by strong vehicle lamps sales, wider margins from lower SG&A, higher utilization rate, DRL supplies to Merc & BMW, expects growth continue from upcoming facelift & model change.
TCAP: granted permission from BOT to hold TTB up to 24.99% of paid-up from current cap at 22.9%.
UAC: will record Bt 106m dividend income from Bangchak Biofuel (BBF) in 4Q, firms on 10% FY21 revenue growth target.