Stocks in the news (bcp, css, ihl, ori, sc, ske, thai, upa) 03.03.21
BCP sees returning to profitable this year, after oil price and GRM recover, sets 100K bbl/day capacity target and Bt23b capex to expand retail stations by 100 and Intanin coffee by 150, and submits filing for BBGI listing in 2H21.
CSS targets FY21 revenue growth >20% driven by telco network installation & maintenance projects, recognition of 100mw Vietnam solar & 5mw hydro power in Laos.
IHL reaffirms solid turnaround FY21 from pent-up demand for leather auto seats & upholstery on new models launched including Toyota Cross, Nissan Kick, Isuzu MU-X, tailwind order from furniture producers.MC reaffirms 10-12% revenue growth target this year, to boost online sales to 15% of total, to build synergy by tapping in partners’ online platforms across ASEAN.
Comment: Laggard name in the auto sector. If SAT/STANLY #s continue to maintain/improve IHL is next to move, maybe….?
ORI sets Bt14b revenue target this year, +26% yoy, Bt35.8b backlog, of which Bt14.41b to be booked this year, sets 20 new projects worth Bt20b, targeting Bt29b pre-sales.
Comment: I’m an thoroughly impressed that this company has yet to raise capital
SC will soon launch an initial coin offering (ICO) in what will be the 1st of its kind in Thailand, after the SEC approved trading of real asset tokens this month.
Comment: I’ve always wanted to see a stock market for condominium units. Now my thoughts include, how will banks value this asset which is normally mortgaged? Are there going to be margin calls during a sell-off period such as in March last year? How is this gong to work in the current financial system? Next thoughts are, I’m going to launch a crypto croissant-weed token. It’s going to the moon!
SKE board approved acquisitions of N15, waste management, garbage sorting & Refuse Derived Fuel (RDF) producer, seeks to branch out from compress gas sales & transport, bio-mass powerplants to waste powerplants, targets 30mw by end of FY22 from current 8mw.
Comment: The comp you can look for this is BWG
THAI plans to raise about Bt50b over next 2 years as the financially struggling flag carrier submitted its business rehab plan yesterday.
Comment: And they are selling croissants now <= I’m not joking