Stocks in the news (asw, sprc, thani) 04.08.23
ASW: forms venture with Tokyo Tatemono to joint develop Bt2b low-rise project, Kave Coco Bangsaen, adjacent to Burapa university.
Comment: An underrated seaside town. Makes sense, there is a lack of decent residential development along the seaside there.
SPRC: anticipates 3Q turnaround after hit by stock loss and poor GRM in 2Q.
THANI: expects low-key 3Q as fleet loans shrink on weak exports, seasonal demand as rainy season set in, cuts full year new loan target to Bt27-28b vs Bt30b previous guidance.
Don.
ASW or ORIGIN ? Bangsaen seems to be the flavour of the month. are all the developers getting hit with the BOT rate increases? It seems quite an irresponsible policy, when 3/4ths of the country is up to their collective eyeballs in debt. I imagine this is why the brokers are recommending distressed loan/repo companies.
Pon
easiest play in town. Just have to figure out what price to pay for them.
Don.
waiting for the Red Shirts to get totally P/O’d. this market is irrationally exuberant. BP business section just makes me want to vomit. ditto Politics section.
Pon
Unless there’s a US equity market crash, I still think that likelihood that the bottom is already in for the SET.
Don.
belated thanks.