Stocks in the news (ap, ba, ckp, kgi, zgi) 23.05.25
AP: sees growth momentum r/m intact, 4M25 pre-sales +18% yoy to Bt 14b, m/t 2Q launch plan 7 SDH project worth Bt 12b, 3 condos project total Bt 8.1b scheduled to transfer in 2Q bolster earnings.
Comment: That is impressive to see. One of the few real estate players to show growth this year. Then again this is pre-sales let’s see actually transfers.
BA: announced buyback, up to 64m shares (3.05% of paid-up) under Bt 1b budget starting from Jun 2 till Dec 2.
Comment: That’s sizeable.
CKP: upbeat 2Q earnings from improve flow rate at Xayaburi and Nam Ngym 2 hydro pp on rainy season, absence of m/t shutdown.
SEC suspends KGI (TH)’s FA license for 1 yr aft failed to conduct proper due diligence of 2 IPOs, effective May 22.
Comment: Rather hilarious..
ZIGA: wins court case against contracting party hired to conduct Bitcoin mining operations, ordering defendant (MP Miner Trading) to pay Bt 94.98m with interest at rate of 5% p.a. on principal amount from Aug 22,2023 to settle dispute.
Comment: Let’s see how this all unfolds…
TCAP, BCP and KKP are among runners to be added to SET50 index upcoming reshuffle for 2H25; GLOBAL BGRIM and ITC are vulnerable to be deleted, tabloid.
Comment: Winner winner chicken dinner.