Stocks in the news (dod, global, ori, or, rml, rp, stark, tiph) 20.06.22
DOD reaffirmed 20% revenue growth target this year to Bt1,220m, on plans to exports >50 hemp supplements, sets Bt180m capex to expand warehouses and boost productivities.
Comment: The quality of TH’s hemp supplements are rubbish due to the FDA requirements on the low THC levels. Barely has any medical use cases.
GLOBAL forms venture with Cosco Capital to expand modern trade home improvement & building material retail stores in Philippines.
Comment: Now that’s interesting, costco ph has been an undervalued holdco dog in the PH, but it’s holding puregold has been a supermarket retail giant.
ORI expects April-May presales at Bt7b, boosting 2Q presales to record high and solid NP growth, supported by transfer of large JV projects, Park Origin Thonglor Bt12b, eyes spinning off PRIMO and listing on SET.
Comment: I stare at the Park Origin Tl daily and I still remain confused as to how they are going to transfer these 3 massive buildings.
OR pays Bt1,105m for 40% stake in KNX, operator of Otteri Watch and Dry to expand laundry services in and outside its gas stations.
RML signed MOU with RATCH to invest in Data Center under collaboration with U.S. floating data center developer, Nautilus Data Technologies.
Comment: Well then, a real estate developer expanding into Data Centers, why not?!
RP to raise ferry fairs to Samui and Phangan from July 1.
STARK mulls revising up FY22 revenue target to Bt40b from Bt30b prior, expects to complete M&A transaction of LEONI Kabel by Nov, mulls expand HVA EV & charging infra products to boost margin.
Comment: They are just going to gobble up the market.
TIPH in talk local partner in Cambodia to expand insurance business, sees ample opportunities from life insurance thru infrastructure, low competition, target cod by end of year.
Comment: Does appear to be one of the better insurance players in the country, more actively expanding, better product suite.