Stocks in the news (awc, hmpro, ilm, jmart, leo, stark, shr, tse, wice) 20.04.23
AWC will reopen its Pantip Pratunam IT Centre, which will be rebranded as AEC Food Wholesale Pratunam in June this year.
Comment: End of an era, that’s where we used to buy conterfeit pc games, movies, and computer parts to build out our own pc’s back in the late 90s to early 2000s
HMPRO upbeat 2Q earnings from strong home appliances sales on the back of severe hot weather, sets Bt8b capex to open 10 stores, expand omnichannel platform, add more private label products.
ILM collaborates with Flash Express to provide logistic & installation services for its furniture & living product buyers.
Comment: Flash does look like it’s eating Kerry’s cake…
JMART: co., name changed to Jaymart Group Holding, ticker unchanged, from Apr 24.
JMART is at risk at being replaced by TLI in SET50 come 2H23, after market cap fell below Bt29b, Tabloid.
Comment: And with this ends the cycle for JMART and soon it’ll be time for a round 3 of an xmas tree share price performance.
LEO sets Bt1b budget for M&A & jv, seeks to expand non-freight business to diversify earnings, reduce volatility of profit margin.
M expects +10% SSSG on avg each for 1Q and 2Q23 across entire restaurants portfolio, focus on inventory management & costs control to boost margin, firms on 15% full year revenue growth target.
All 7 of STARK’s boards have resigned, raising concerns of default, KBANK and SCB are among major creditors, may need to set aside more LLP, Tabloid.
Comment: HAHAHAHAHAHAHAHAHA, and all the AM’s that hold the shares are screwed! Remember that the shares were supposed to start trading again on 1 April? Proved to be a great April Fool’s joke.
SHR fell 9.64% yesterday, with 5.2X ADV traded, driven by forced closure of its hotel in Mauritius, which account for 5% of its revenue, due to detection of Legionnella virus.
Comment: Wish it dropped more, would be a great trade.
TSE signed renewable PPA with EGAT & PEA for 7 projects combined 88.66mw.
WICE mulls listing of its unit Euroasia Total Logistics (ETL) on the MAI to raise funds to expand its cross-border logistics business, 128.76m shares @ Bt0.50, 27% of paid up.
Comment: They are going ahead with this, it has been well-telegraphed to the market.
4 thoughts on “Stocks in the news (awc, hmpro, ilm, jmart, leo, stark, shr, tse, wice) 20.04.23”
STARK possibly going under? didn’t they always report good business prospects and planned projects for cabling,etc. abroad?
there’s accounting fraud. Would this mean it’s bankrupt? No, but I doubt we’ll see the shares trading again for years.
Didnt Stark do a cap increase to buy Leoni? Did they steal all the funds or what? Lol…
It’s just sitting there on the b/s, and the board agreed to change the use of funds after not going through w/ the leoni deal.