Stocks in the news (aot, forth, mk, osp, sabina, samart, scn, snnp, wice) 26.04.22
AOT sees 19m passenger arrival for 6M22 (Oct 21 – Mar 22), likely fall short of 60-70m full year target, expects Transport Ministry to approve transfer of 3 airports (Udonthani, Burirum, Krabi) from Department of Airport by end of April.
Comment: Still the best monopoly play on the country’s aviation, but….yes…valuations are what they are.
FORTH sees Tao Bin’s sales reaching 100K cups/day in May from current 80K-90K, on track to install 5K vending machines by end of year, and 20K by 2024, sees 20% revenue growth this year, supported by plan to bid for 9K worth of contracts.
Comment: Smack head against the wall for missing this even though we heard about the tao bin’s over a year ago. Never thought that it would be this successful.
MK forms venture with BH to develop fully integrative wellness & medical retreat (RAKxa), allots Bt3b capex to branch out from residential prop developer to logistic & e-commerce warehouse, target 1m sq.m by end of FY24.
OSP in collab with Yanhee hospital launch cannabis water + Vitamin B12, sets Bt100m to promote product awareness.
Comment: This collab/relationship goes back years, but let’s see how well it takes off. The issue domestically is that the companies are using such a small amount of cbd in their products that there is virtually no health benefit.
SABINA reaffirms solid turnaround 1Q from higher sales of sportswear & swimwear, shapewear on easing curbs & improved consumption, better inventory management & costs control, eyes 20% revenue growth target.
Comment: They have outsourced all of their manufacturing to China, I wonder now if the management team regrets this move.
SAMART to cod Excise Direct Coding Data Center on beer & alcohol beverage for Excise Department from May 1, Bt8b revenue to realize over 7 years, expects authority implement on other goods & products to improve tax collection.
SCN’s subsidiary, Scan MediHerb, recovered an indoor hemp cultivation license, to realize earnings in 2H, target to sell 6 tons dried hemp flowers p.a.
SNNP doubles up snacks production capacity to capture demand from bar & restaurants from longer serving of alcohol beverage until midnight instead of 11pm from May 1 as Covid control eases.
WICE mulls replacing current fleet with EV truck to save maintenance & fuel costs, firms on plan to list cross border transport subsidiary (ETL) on the exchange this year, firms on 20% revenue growth target.
Comment: That’s not cost saving at all, unless the Thai government is going to subsidise the hell out of EV’s.