Stocks in the news (erw, fpt, rbf, thai) 26.02.20
ERW firms on plan to open 7 Hop Inn budget hotels in TH, will shut Marriot Courtyard BKK for refurbish from April 20 till September 21.
Comment: It’s a ghost town in every hotel in Thailand atm
FPT will book Bt943m revenue from FTREIT big-lot sold in 2Q.
Comment: Still able to raise capital in these markets. The reach for yield continues.
RBF cod F&B seasoning plant in Indonesia & Vietnam total 20 tons/day, in talk Japan to expand market, prepared for indirect impact from Covid-19.
THAI’s preparing to cut salaries and related expenses for top executives by 15-25% to survive the financial turbulence caused by the recent coronavirus outbreak.
Comment: Recap possibility accelerating due to the drop in flights?