Stocks in the news (ck, cho, com7, iii, ner, ptg, richy, sat) 15.07.22
CK wins Bt1.078b expressway maintenance contract from BEM.
CHO sees solid 2Q, supported by Bt1,496m backlog, on track for M&A in the US, Eon Reality Inc, an operator in Metaverse, as part of CHO Tech Riders 2030 plan.
COM7’s appointed a service and solutions distributor for Alibaba Cloud for integrate cloud services in Thailand.
III expects record high revenue this year, +30% yoy from Bt3b yoy, driven by strong freight forwarding business, contribution from newly launched road-rail logistic (Ladkrabang-Ratchburi), forms venture with partner (Sitthi) to expand cargo warehouse and logistic services in Laos to capture traffic from high-speed train Laos-China, target cod by end of year.
Comment: Plus they have an IPO coming this year, q mark we have is whether or not they’ve hit peak earnings for the next 2-3 years.
NER expects windfall from relocation of Bridgestone Aircraft Tire Co.Asia (BAA) from HK to TH on plan to improve raw mat sourcing & production efficiency, sees more tire manufacturers shifting base closer to high grade rubber smoke sheet (RSS 1&2).
Comment: No impact.
PTG sees 1H22 fuel sales vol reached 90% of pre-Covid, non-oil revenue above pre-pandemic, expects positive momentum carry thru 2H from domestic travel stimulus, holiday season in 4Q, mulls tapping in biofuel & cooking oil to diversify earnings, reaffirms solid turnaround this year.
Comment: And that’s what I’m looking for in PTG, non-oil revenues need to keep getting larger, it’ll be the perfect trade when 1) Oil prices crash and 2) Non-oil continues increasing.
RICHY in collab with VIBHA to open wellness and anti-aging care at the Rich Ploenchit-Nana later this year.
SAT to branch out from auto parts business to commercial EV business, expects to finalize plan by end of year
ed bean
I keep losing with CPALL. Can you give me some idea why?
Pon
you bought high and sold low?
ed bean
i bought at 64 and have not sold. cpall should be recovering. hot summer. tourist return. my dauhters favorite restaurant…:). Makro is always full of people.
Pon
50% of makro’s debt is in USD
CPALL has 300 bn in debt on the b/s, fcff ~15-20 bn pa, equity worthless unless 1) Cap raise in one of the entities 2) Chinese tourists were incredibly important to 7-11, it’s one of the few businesses where there was no zero-dollar tour risk.