Stocks in the news (bam, dtac, epg, gfpt, intuch, j, sky, trc) 16.06.22
BAM rolls out 1 month campaign (Jun 15-Jul 15), 1,500 NPA on sales, up to 30% discount plus free transfer, gearing up for venture with several finance institution to expand distress assets management in 3Q.
Comment: BAM typically buys at distressed assets 70 of the asset price, not sure on the mark up value of these assets.
DTAC launched 5G IoT solution for industrial & corporate, to capitalize on digital transformation, demand for smart logistic (inventory & warehouse management, real-time monitoring), smart utilities (power/water distribution, utility management & energy saving), smart factory (production management, defect & costs control).
Comment: A clever lady once told me that if you look through their VC port over the past decade that there is a lot of hidden value there.
EPG’s firm on Bt13.5b revenue target, +12-15% yoy, 29-32% GPM, sets Bt802m capex.
GFPT mulls revising up FY22 revenue target after 2Q results, sees positive momentum on chicken exports vol & selling price, sets Bt1.2b to expand business.
Comment: Margins far better than what I expected, Thailand is the only country in the region where the chicken and pork players (excl CP) are rocking it with margins. ID, VN, MY producers are all struggling.
INTUCH: Singtel to up stake in INTUCH to 24.99% from 21.21%, by acquiring ~121m share from Temasek’s Anderton Investments for S$330m. GULF remained largest holder in INTUCH at 44.02%.
Comment: Left pocket/right pocket
J reaffirms solid 2Q from recovery traffic at community malls & contribution from 5th branch (JAS Green Village) coded December 21, in talk developer partners to establish mixed use project, target 50% revenue growth this year.
Comment: They’re going to show ridiculously good numbers this year due to a project transfer.
SKY’s firm on 30% revenue growth target this year, Bt3b of Bt22.4b backlog to realize this year, sees increases in projects under Connecting Thailand concept, linking tech ecosystem.
TRC reiterated Bt3b revenue target this year, eyes 3 new contracts, adding to Bt6,398m backlog, of which Bt3b to book this year.
2 thoughts on “Stocks in the news (bam, dtac, epg, gfpt, intuch, j, sky, trc) 16.06.22”
DTAC – among the three this is the one well placed to make significant stride leveraging on their strong small biz subs base.
But the management team has been absent in their execution for the past 7 years, no?