AS to launch 8-10 online games in FY21, expects download jumps from 2nd round of Covid spreads, target 15-20% next year.

BCP sets Bt23b capex for FY21 to revamp cracking unit and R&D petroleum products, purges holding in Lithuim Americal Corp (LAC) for $136m vs initial investment of $36m, cap gains will be rec directly into retain earnings.

CHOW signed 50:50 jv Haco Electric (TH), Chow Haco Solar, to expand solar rooftop business.

CPF reassures Covid free on shrimp products from stringent biosecurity & good agricultural practices.

Comment: what sorcery is this? 

EA sets 20% revenue growth target next year, plans to boost revenue from EV segment to 20-30%, after launching a pilot projects with 3 electrical boats in Chaopraya under MINE Smart Ferry, before boosting total fleet to 27 by early 2Q21.

Comment: A decent amount of PR with their EV ferries. But it adds nothing in #s terms. 

EASTW signs water sales contract with TOP to supply water for Clean Fuel Project (CFP) in Sri Racha, Chonburi province.

EPG’s confident of solid 2H, as higher auto demand boosted Aeroklas sales, while pin-up demand in food delivery biz drove plastic packaging biz (EPP).

Comment: Should oil prices increase and car volume sales still rubbish, EPG’s #’s may look awful in the coming calendar year.

ECF board approves plan to sell 33.37% stake in SAFE to Prize of Wood Holding for Bt233.88m.

GUNKUL to cod 30mw solarfarm tomorrow, expects big jumps next year from smart meter replacement projects, solar/windfarm contractors & equipment sales, plans to add 100mw wind PPA, 70mw solar rooftop PPA, bidding power projects total Bt25b in FY21..

PTT sets up Innobic LL Holding to invest in pharmaceutical business, focusing medicine & nutrition, plans to develop cancer treatment drug aft signing agreement with state-run Govt 

TPOLY sets 10% revenue growth target next year, expected to sign 5 government projects worth Bt2,700m in February 2021, while this year NP is expected to Bt50-55m, -50% yoy, with Bt5,287m backlog end this year.

Comment: The Board should just sell their stake in TPCH, and pay out a special dividend. Could be a decent 100-200% dividend yield.

  1. They are having a lot of fun with Delta, Bay, Aeonts and some other names… I would suggest caution when buying at certain valuations….

    Happy New Year to you Pon and everyone reading the blog.

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