Stocks in the news (bbl, mother, rjh, stpi) 19.03.26
Bangkok Bank Public Company Limited is one of Thailand’s largest commercial banks, providing comprehensive financial services including corporate, SME, and retail banking, with a dominant position in the corporate sector and an extensive international presence across major economies.
BBL comments on growing concerns about borrowers’ ability to secure raw mats as conflict as war disrupts logistics – President Chartsiri. Supply disruptions risk weighing on customers’ rev. and their ability to service debt. BBL has been in close contact with clients regarding additional credit to support purchases and energy-efficiency improvements amid the conflict and rising energy costs.
Comment: Wouldn’t be surprised to see an increase in working capital requirements, and higher inventory levels for product related companies.
Mother Marketing Public Company Limited operates as a retailer and supermarket chain under the “Mother Supermarket” brand, primarily serving communities in Southern Thailand, including Krabi and Surat Thani, with a focus on consumer goods and fresh food products.
MOTHER adds more stocks by 20% to prevent shortage, sees sales accelerate across supermarket branches as consumers stocks goods on the back of Mideast unrest.
Comment: Well here’s one increasing inventory
Rajthanee Hospital Public Company Limited operates general hospitals in the Ayutthaya province, Thailand, including Rajthanee Hospital and Rajthanee Rojana Hospital, offering a comprehensive range of secondary and tertiary medical services with a strong patient base from surrounding industrial estates.
RJH anticipates 1Q turnaround from higher SSO patients traffic as nearby hospital exits from the program, strong rev contribution from sleep test and bariatric surgery to lose weight, narrow losses from newly opened hospital last year, boost from tax credit.
Comment: The more time I spend researching the services and products sold to hospitals, the sicker I feel…the margins these “service providers” are making are disgustingly high.
STP & I Public Company Limited is an engineering and construction firm specializing in steel fabrication, mechanical construction, and plant services for large-scale energy, power, and infrastructure projects across Thailand and international markets.
STPI expects +ve earnings mmtum from EPC backlog pending to realize, full yr contribution from 600mw Monsoon windfarm (16% interest), in talks to sell 13 hectares land to data center partner to est data center in TH, mulls reinvest 25% in the pj, will finalize deal by eo-3Q.
Comment: Well…ok. One of the perceived names to benefit from the new government.
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