AUCT: anticipates recovery traffic at auction yard 2Q onward as repossessed vehicles mounting on third wave of pandemic, expects wider margins this year from lower SG&A and online auctions, upside from partnership with leasing & distressed assets management partners (ECL & CHAYO).
Comment: CHAYO is the interesting play here, they have access and now a clear avenue to exit their distressed asset purchases.
DITTO: IT services co., DITTO (TH), debut IPO 80m shares at Bt7.5 apiece.
Comment: Small float, right sector/industry, BOOM!
DOD: signs MOU with FN for R&D and manufacturing of hemp-related products.
Comment: Are Hemp Clothes coming?
PRM: signed a 10 year deal with NYK to sourcing VLCC tankers for Thai oil.
RATCH: acquires 50% stake in 80mw near-shore windfarm projects in Vietnam for Bt272m.
SCC: olefin debottlenecking projects completed earlier than schedule, lifts capacity to 350ktpa, target 100% utilization rate by end of May.
Comment: Petrochem cycle has turned, wouldn’t be surprised to see it at 600-800 in the next 2-3 years.
SEAFCO: acquiring 8 new foundation work projects total Bt182.8m.
STARK: awards cable order for transmission line projects in Vietnam & subway projects in Mumbai total Bt4.5b, lifts backlog above 13b.
Comment: Just wait until you start hearing news about STARK getting projects in Thailand. The re-electrification of countries is a massive opportunity.
SYNEX: will starts to realize revenue from iPad Pro sales from late May, sees healthy demand as tablet obtains M1 chip like Macbook, eyes 10-15% FY21 revenue growth target.
Comment: I still don’t understand why Mac’s are so popular. But its a luxury item that people buy, and that segment of the market is still able to spend.