Stocks in the news (cbg, jmart, kwm, gunkul, phol, smd, sky, trc, tu, xo) 06.01.22
CBG anticipates FY22 sales turnaround on improving domestic consumption, recovery CLMV & China sales, will launch CBD mixed drinks before eo-1Q, 2 functional drinks in April, firms on 20% revenue growth target.
Comment: Sales turnaround? Revenue this year is ontrack to be equal to 2020 and higher than 2019.
JMART sets 50% profit growth target this year, new record, on track to transform into a full-fledged tech investment holding in collaboration with BTS group, while setting SINGER’s growth at 75% and JMT’s at 45%.
Comment: Do you want to bet against this group? Bear is that 1 bad q = strong drop in prices. Bull – They’ll reach the SET50.
KWM launches 3 herbal products, with 2 more coming soon, while its new plant will be ready in mid-March, then will proceed to apply for hemp production license, expected around May.
GUNKUL sets Bt10b revenue target for this year, up from Bt9b last year, boosted by Bt700-800m revenue from hemp related in 9M21, and to participate in bids for govt’s 1,500MW wind-power purchase in 3-4Q22.
Comment: Curious to see what will happen with the Jaymart Group given the share swap.
PHOL reaffirms 1Q turnaround driven by strong demand for masks/face shield/PPE and virus protection gears, tap in factory/industrial clients & healthcare segment to boost sales.
SMD target FY22 ATK sales double yoy >Bt200m, supported by pending orders 1.5m pieces, surged demand from offices/factories, larger distribution network via 7-11.
SKY sees growth momentum into this year, supported by Bt20b backlog, with great reception for its Tossakan securities app, potential windfall from listing of TKC.
Comment: If the military and friends stay, these guys will keep winning projects
TRC wins Pranburi & Sam Roi Yot tourism development projects from Department of Public Works and Town & Country Planning total Bt164.48m.
TU forms venture with JWD to establish Pacific TUM Cold Storage warehouse in Samutsakhon province, target cod 4Q22.
XO expects windfall from WFH scheme in EU, allots Bt200m budget to expand sauces & seasoning production capacity, eyes Bt +/-Bt500m profit this year.
Comment: One of the few Thaico’s to actually utilise Thailand’s brand very well overseas.