Stocks in the news (cpf, caz, chg, eastw, ecl, kbank, pttep) 15.03.22
Eleven Thai chicken factories, including 6 of CPF, have been given permission by Saudi Arabia to export chilled and frozen fresh chicken, effective as of March 13, after 18 year suspension.
Comment: CPF, GFPT and friends are going to benefit from this.
CAZ signed 2 contracts to develop LNG receiving terminal & civil work projects total Bt167.74m.
CHO, SCG International & Asia Cab sign MOU with UK partner, Advanced Electric Machines (AEM), to supplies magnet-free DC motor for EV production.
EASTW lose concession to operation water distribution pipeline systems in EEC area after Treasury Dept selected Wong Siam Construction as the new operator which offer the higher revenue to state at Bt25.6b for a 30 year concession.
Comment: This is a Yuge loss
ECL inked deal Singha subsidiary, Boon Rawd Supply Chain, to expand insurance brokerage business, sees opportunity to capture clients from entire logistic chain.
Comment: Hmmm…so they’re not just doing high end luxury cars and yachts anymore? Makes sense, its a good move for them. Though we’ll see if the economics flow through.
KBANK revised down FY22 TH GDP growth forecast to 2-2.8% from 2.8-3.8%, indirect impact from high oil price, weak tourists arrival, supplies disruption from geopolitical tensions and econ sanctions dampen recovery.
Comment: But the crypto boom in the country!
PTTEP will take over operation of Yadana gas field in Myanmar after TotalEnergies cedes operation from July 20, changed approved by project’s partners
Comment. Now that 1 hangover for the stock is done, how long before the economics come to the plc and then investors can finally push this dog to 200.