BCPG’s firm on 30-40% EBITDA growth this year, supported by recognition of 11MW in Thailand and 3 projects with 65MW capacity, to gradually COD from 4Q21, sets Bt18b capex.
CPF board approved disposal of fresh foods retail & distribution business to Ek-Chai (Lotus) for Bt861.6m.
Comment: This is one to extract cash from a recently purchased entity back to the mother company which ie leveraged quite highly. Usually CP tricks. And all perfectly legal.
CWT upbeats FY21 earnings from strong auto seats and upholstery sales, tailwind from 14mw recurring income, in talk partner to tap in EV bus, will finalize plan in 2H, firms on 30% revenue growth target.
GPSC expects windfall from PTT’s EV expansion with Foxconn, battery plant to cod before end of 2Q.
GSC signed agreement with Department if Thai traditional and alternative medicine, Organic herbal community enterprise spa researchers association of TH and 2 more investors to joint invest in farmland operation & production of medical cannabis projects.
Comment: Hmmmm, lets go through the shareholders of this business and see what really is going on…
IMH to launch IgG LL Quanti (antibody test for covid) services with Bt550/test, target 100K tests in 3Q21.
Comment: A crooked business. But so what, this past 12 months has shown that there are buyers (governments) ready to splash the cash.
INGRS to 14 days shut down at 4 subsidiaries in Malaysia from Jun 1 to comply w/ authority’s movement control order.
LEO delays JV Cardinal Marinetime (TH) to 3Q21 from May due to Covid disruption.
MAJOR: founder member, Suriyon Poolvaraluk, cut holding by 2.9055% to 4.5093% of total outstanding on Thursday (May 27).
Comment: One family member needs cash to do something else.
MM: co., name change to Mud & Hound, ticker change to MUD, effective today.
Comment: The name change to MUD is a perfect analogy to its business, they’re stuck in the mud and can’t get themselves out of it.
PTT struck a multibillion-dollar EV partnership with Foxconn Tech of Taiwan, cooperating on hardware and software for producing EVs, with $1b will be invested in initial investment, rising to a possible $2b later.
Comment: I am pleased to see a state enterprise get into this to prevent the large private groups from taking over this market (for now).
SONIC mulls revise up FY21 revenue growth target to 50% from 20% from strong containers freight rate & higher traffic yoy
Comment: Supply chain disruptions all-around.