Stocks in the news (as, bch, bgrim, gpi, noble, sabuy, sawad, tmb) 15.03.21
AS sets 15-20% revenue growth target this year, targets 12 new games on mobile and PC this year, ready to expand oversea, sets Bt150-200m capex for IT system and buying new gaming rights.
Comment: I still think their earnings peaked in 2020.
BCH’s associated co has received a permit to import vaccine, targeting mid-year for 1st batch, mulls opening treatment center with hemp and cannabis.
Comment: Perhaps one of the better hospital plays in the country atm.
BGRIM’s aiming to secure additional PPA >1k mw this year, expects to seal contracts 40-60mw from industrial clients, upbeats margins outlook after obtained LNG shipper license.
Comment: LNG is coming and they will be one of those controlling the supply to Thailand…
GPI reports exhibition OCC rate topped 95% for FY21 BKK Motor Show March 24 till April 4 at IMPACT convention center, expects leading auto makers to launch new models & campaigns to stimulate sales.
NOBLE to launch 6 new condo projects under “NUE” brand, targeting 50% of Bt16b total sales this year, after launching 1st one worth Bt650m in Bangna.
Comment: So they’ll probably have to dump some of the inventory to financial investors in order to get these new projects launched.
SABUY will move from MAI (Services) to SET (Commerce) from March 16.
SAWAD & GSB JV unit to kick-off motorbike title loan services from April, target Bt20b loans by end of year.
Comment: License to print money
TMB reports completed integration of credit cards data base with TBANK, will suspend Thanachart Connect app within 1H, begins mutual separation plan program since February to scale back staff to manage 700 branches post amalgamation, target completion by mid-July.
Comment: That is more unemployed folks hitting the market. One positive I’ve heard re TMB is that they appear to be ahead of their competition in terms of the quality of service offerings and product/tech/service ideas.