Stocks in the news (bdms, ea, princ, salee, scc, tmt) 28.04.22
BDMS forms 60:40 jv with COM7 to expand upscale drugstore, offer medicines, med equipment, health tech products, BDMS will get expertise in retail mgt while COM7 expand into new biz in healthcare.
Comment: Great move by both parties, but be aware it takes scale and massive scale for this to payoff. 100 stores is nothing.
EA secured Bt160m funding from ADB to finance electric ferry fleet for mass rapid transport in BKK.
Comment: Just go to facebook and find “The Growth story of EA”
PRINC sees 1Q growth as expected, on steady contributions from covid related, sees momentum continues in 2Q, firm on 20-25% FY22 revenue growth target.
SALEE allots Bt200m capex to increase plastic parts production capacity as demand for OEM parts from appliance, electronics & auto manufacturers grow on recovery exports, eyes 10-15% revenue growth target.
SCC’s chemical unit, SCG Chimicals, plans to sell 25.2% stake, or 3.85b share, IPO to fund business expansion and debt repayment, by offering to SCC’s holders, local, international investors, and cornerstone investors. Bualuang, K-Sec, SCB Sec to handle TTH portions, no details for International part.
Comment: This is going to artificially boost demand for SCC
TMT sees 1Q steel sales growth >10% yoy target, expects average selling price 2&3Q stays at US$ 900-1k/t from demand supply mismatched.