AU: reaffirms rec high rev in 3Q supported by positive SSSG via dessert café, larger branches network yoy at 60 outlets vs 44 in 3Q22, sees margin improved aft revamp suppliers.
Comment: Their outlets are all still completely full.
HANA: seeks up to US$ 106m via overnight placement 65m shares offered at price range Bt 57 to Bt 58.9, represent 5-8.1% disc to previous close at Bt 62, upsize option of 15.5m shares according to Bloomberg, proceed to be used to finance production of silicon carbide, power master semiconductor, UBS is sole bookrunner.
Comment: Great pricing for HANA, hence the drop today
KTC: sets out growth plan for FY24, aims to expand new P-loan customers by 100k, 5% loan growth, mulls adjust ratio of ST & LT bonds to improve efficiency, target FY24 funding costs below 3.1%.
GULF: signed 2 industrial waste power plant PPA with Provincial Electricity Authority (PEA) combined 16 mw, target cod FY26.
Comment: Thailand continues to outsource its power development to GULF.
RS: acquires 60% of spa & wellness products producer, Erb Asia, for Bt 72.2m, transaction to be completed by eo-1Q24.
Comment: They’re just searching for new ideas.
HUMAN: Kayne Anderson Rudnick Investment raised holding by 0.0979% to 5.0585% on Oct 12.