Stocks in the news (aot, gunkul, gulf, pqs, stark) 15.02.2
AOT: cabinet approved MOU signed with Saudi Arabia to increase flights limit from 9 flights/week from each side to up to 42 flights/week, no flights limit for cargo, charter and code-sharing from both side.
Comment: Here we go!
GUNKUL and GULF to appeal Admin Court’s decision to revoke 32 land title deeds which is where Wayu Windfarm, a 50:50 JV with GULF, is located, within 30 days. Broker said worse case will only affect 1.3% of GULF’s profit and 3.3% of GUNKUL’s.
Comment: Who knows, can they win against the court? Gunkul’s owner bought back a silly amount of shares (74 million), there’s still an IPO or two coming in the pipeline, so lets see.
PQS: starch & derivative products producer, Premier Quality Starch, debuts IPO 170m shares @ Bt 6 apiece.
Comment: The perfect pump & dump.
STARK eyes double digits revenue growth target driven by cable demand for infra expansion & renewable power from both domestic & overseas, cable subsidiary Phelps Dodge Int’l schedule to transfer airport lighting cable for visual aids for SIA runway 3 & maintenance projects for runway 1 this year.
Comment: So why not pay out all that cash raised from shareholders back to shareholders as a special divvy?
4 thoughts on “Stocks in the news (aot, gunkul, gulf, pqs, stark) 15.02.2”
Pon Strongly agree with your comment on Stark.
The CEO is probably too busy puffing away on his cigarettes in his office to contemplate this. (if you met him you’d understand…)
I thought they settled all these ridiculous ALRO land disputes for wind farms years ago?
Yeah, thought so too, it immediately gave me demco vibes.