Stocks in the news (asian, bgrim, gfpt, gunkul, iig, prtr, sithai, shr, tkc, wha) 15.03.23
ASIAN mulls expand OEM pet food from private label segment & increase awareness of its own 3 brands (Monchou, Hajiko & Pro) to expand market share & mitigate risk from US slowdown on frozen seafoods & VAP, lower purchasing power in EU.
Comment: Let’s see how the names in this industry play out over the coming 3 years.
BGRIM passed tech qualification for 25 pp projects total 500mw, aims to bid additional 3.6k mw PPA this year, lifts total capacity above 10k mw.
GFPT anticipates 2-3% FY23 poultry sales growth from high base last year, sees positive exports momentum to JPN & UK, focus on costs curb & efficiency to reduce volatility from energy and feedmill price, sets Bt1b capex to expand slaughterhouse.
Comment: And voila prices of chicken and pork have come down…now we wait and see for another year before it can be considered an investment again.
GUNKUL sets 15% revenue growth target this year, to list GPD in 2H23, target >1000MW capacity this year.
Comment: What about this little land issue sir?
IIG sets Bt1.4b revenue target this year from CRM and ERP, target >1 M&A deal within 1-2 months, eyes launching insurance solutions soon.
Comment: The risk for minority shareholders here is IIG may do an international deal which may require for them to raise capital.
PRTR: human resource solution provider, PRTR Group, debut 150m shares at Bt7.2 apiece, KGI leads.
Comment: Another jaymart investment listed, and now we have a comp to HUMAN.
SITHAI upbeats 1Q earnings from recovery demand for food packaging & melamine on improved domestic consumption & tourism, contribution from sales in VN, IND & Indonesia, tailwind from eased THB, sets Bt600m capex to expand production plant in TH & VN, R&D bottle, packaging & plastic products, target record high revenue >Bt10b.
SHR sets 20% revenue growth target this year to Bt10b, sees 75% OCC rate, 2 new hotels, sets Bt7.5b 3-year capex plan for M&A.
Comment: Price over volume. That’s how you should view the tourism space for the next 1-2 years
TKC sets 20% revenue growth target to Bt3.3b, supported by Bt4,513m backlog, of which 40% will be realized this year, eyes Bt6.5b new bids.
WHA maintains 700 acres (1,750 rais) FY industrial land sales target, sees more to come from battery supply chain.