Stocks in the news (awc, ba, bem, dod, kex, true, dtac, pttgc, stech, wfx, asian) 15.09.22
AWC signs development and management contract with Marriott International to develop and management the Ritz Carlton BKK the Riverside.
BA firms on Bt8b revenue target this year, sees solid recovery in tourism, mulls opening new routes.
BEM to source for Bt120b, without resorting to capital increase, for investment in Orange Line, firms on >Bt2b profit from Bt15b revenue, sets Bt17b revenue target next year.
Comment: Basically they’ll call up the parent company and a few friends and say “hey we got another concession, it’s free money, want to join in the fun and then we’ll flip it all to an infra fund as it’ll finally be big enough”
DOD sees solid growth in 2H on reopening and higher health conscious public, in talk with HK-listed Chinese firm to jointly develop new products.
Comment: they haven’t done anything yet… The cannabis hype train is nowhere to be seen.
KEX sets 3-5 years target to use 100% environmental friendly packaging and reduce carbon by 10% by 2026
Comment: Great if it reduces costs as well.
NBTC failed to make any ruling on TRUE/DTAC merger yesterday, will wait for comment from Council of State, before making the decision.
Comment: trading these two telcos has been the gift that keeps on giving. Apparently the news is now that the court says the nbtc doesn’t have the right to deny the merger.
PTTGC’s opened Envicco, SEA’s largest plant producing high-quality and food-grade recycled plastic resins, aiming to recycle 60K tonnes of used plastics annually.
STECH keeps 25-30% FY revenue growth target, Bt1.1b backlog from pre-stressed concrete products sales & installation for infra projects to realize this year, mulls bidding foundation work for MRT purple line (TaoPoon-Ratchburana), 2 dual-rail projects (Mahasarakam-RoiEt) & (DenChai-Chiangrai-ChiangKhong), bore pile projects for 500kV power distribution SamKok, high-speed rail contract 4-7 Saraburi total Bt3b, expects more to come from warehouse, logistic park & hypermarket.
WFX sees earnings accelerated in 2H as demand for rubber thread grows on recovery garment sector, firms on 10-15% FY revenue growth target.
Reminder: ASIAN trades XB for subscription right of pet food subsidiary, Asian Alliance International (AAI) at 6.385:1 tomorrow.
Comment: All those newly purchased pets during lockdown need to be fed!!!