Stocks in the news (bgc, dmt, ditto, forth, jasif, mbk, seaoil, smk, threl) 17.04.23
BGC reaffirms solid turnaround from robust demand for F&B packaging from improved local consumption & tourism, tailwind from Songkran festive & domestic travel stimulus, wider margin from lower energy costs, eyes 10% full year revenue growth target.
Comment: Earnings haven’t gone anywhere for the past 5 years, and Singha group has an issue since the patriarch passed away.
DMT sees daily avg DMK airport toll way traffic at 107k trips/d in 1Q23, target full year revenue growth >30%, expected to win Phuket tollway (Katu-Patong) on absence of private bidders.
Comment: And you said WFH would last forever….the Phuket tollway is going to change the outlook for this company…
DITTO: RSDT consortium signed new zoo construction project phase 1, also signed 5 additional contracts worth Bt684.7m, combined company’s portion valued at Bt3.843b.
Comment: Given the monkey business going on with the share price, this project win is appropriate.
FORTH expects to complete installation of 1k Gingka EV charging stations by end of year, mulls adding 7k Tao Bin robotic barista machines to capitalize on improved traffic, target full year revenue exceed Bt10b.
JASIF’s expected to receive Bt940m monthly rental fee from 3BB this week, after having delayed last month payment due to liquidity issue.
Comment: Ahhh a liquidity issue for a straightfwd business model like this?
MBK upbeat outlook from recovery traffic via malls on surged international travelers, 84% OCC for hotel business in 1Q, positive momentum on F&B, mulls tapping in distressed assets management to create value additions from existing hire purchase business.
Comment: Friend came back to Thailand for his first trip since lockdown and the only place his gf wanted to spend time at was MBK. Even today it’s still a destination for people…
SEAOIL targets 10-15% FY23 revenue growth from Bt21.6b in FY22 driven by strong revenue from oil trading business on improved demand for marine transport, higher contribution from catering & supply management on recovering offshore activities, profit sharing from 49.99% POES O&G EP business.
SMK: Mindo Asia Investment cuts holding by 2.5663% to 4.5153% on Apr 11.
THREL: SABUY’s CEO, Chookiat Rujanapornpaje, raised holding by 2.2324% to 10.8333% on Apr 12.
Comment: They deserve one another, THREL hasn’t gone anywhere.