Asia Cab in JV with 4 partners, including EA and SCG chemical, to develop 1st Thai EV cab prototype, while EA said its EV plant in on track to COD in 2-3 months.
Comment: EA are going to be the GULF of this industry. You’ve been witnessing the growth of crony capitalism in Thailand over the past 6 years.
AEC board approved disposal of cryptocurrency brokerage, ZIPMEX & ZIPMEX Asia, total Bt74m to private investor.
Comment: ZIPMEX is Bitkub #2, but they look better, not sure re their funding capabilities atm.
AP plans 5 horizontal projects worth Bt2,660m in 2Q, keeps Bt35.5b pre-sales target this year, after Bt7,966m in 1Q, +32% yoy.
Comment: Basically more TH and SDH as thats the only market banks/consumers are willing to go for atm.
CBG mulls adding ultra vitamic C & collagen drinks in 2Q, expects positive feedback from healthy shot products, eyes 35% revenue growth target.
INGRS sets Bt2.45b capex to revamp plant, expects to secure EV module orders in 2H, new Indonesia plant (PT III) to cod in 4Q.
OR & PTG expects to reap benefits on both oil & non-oil from increased traffic during holiday as travelers opted to travel by private vehicles instead of flying during pandemic, Tabloid.
Comment: They are #1 and #2 in the industry
SCGP target 10% revenue growth >Bt100b, supported by larger packaging market exposure across Asean, recovery demand on improved consumption, sets Bt20b capex for capacity upgrade & M&A.
TPAC board approves acquisition of 80% stake in Malaysia food packaging producer, Combi-Pack, for MYR 170m or Bt1.3b, appointed ASP as independent FA.
Comment: And they are back on the acquisition trail, following the same path as the main funder Indorama Group.
TM upbeats 1H21 earnings from robust demand for medical supplies on fresh round of pandemic spreads, mull revise up sales growth target from current 10% as demand for thermal scan, rubber gloves, saline solutions and syringe grows.
UKEM upbeats FY21 earnings from recovery demand for adhesive & paints on turnaround auto market, eyes 15% revenue growth target this year.