Stocks in the news (auct, bcp, centel, mc, pttgc) 01.09.25
AUCT launches vehicle inspection service biz at Rangsit branch capacity 50 vehicles/day, seeks to branch out from auto auction to new biz, will open 2nd branch at HQ by eoy.
Comment: Interesting, it’s still “value added”, limited investment cost etc, and given their relationships with the banks and the tents, could they not become the “indepedent” version of Toyota Sure i.e. a service that verifies the quality of a car for resale.
BCP submitted filing to delist BSRC frm the exchange. Expects tender offer w/in Oct-Nov.
CENTEL: MGM Osaka integrated resort scheduled to open in autumn 2030 is expected to be the next catalyst to attract more tourists to town.
Comment: Tokyo is the Paris of Asia. Bangkok is the … Amsterdam of Asia?
MC eyes 5% FY rev grwth t/g (Jul-Jun 26) driven by grwth frm on online sales & TikTok Live, mulls adding more stores overseas frm current 9 branches, will launch new collections & accessories pdts to boost sales.
PTTGC annced partial repurchase of USD notes prior their maturity, comprising of $550m 30-yr w/ fixed coupon rate of 4.3% due in 2051 & $300m 30-yr paying 5.2% p.a. due in 2052.
Comment: Are you seeing this? All the major thai firms are trying to repay their USD debt as quickly as possible.