Stocks in the news (jasif, aot, aura, ba, be8, chow, ilink, samart, singer, stech, takuni, tasco) 23.03.23
3BB is having liquidity issue and short on rental payment to JASIF, may lead to contract restructuring.
Comment: Great quality eh? AIS is buying themselves a great asset…
AOT board approves Bt36b 3rd phase development at Donmuang Airport, design to complete in Oct and bidding start in 4Q23, target 40m passenger vs 30m now.
AURA targets 10-15% FY23 revenue growth driven by higher gold jewelry sales yoy, wider margins from goldsmith’s charge & up sales on gems, spreads from trading & contribution from gold for cash service, adding 64 branches to 343 outlets by end of year, revamps online platform for Aurora, Aurora Diamond & Seng Heng brands.
Comment: The only listed “gold” play in Thailand
BA sees passenger traffic 1Q23 +80% yoy, purged 3 ATR turboprop & adding 2-3 airbus to standardize fleets & reduce maintenance costs, will open 2 new routes to Chengdu & Chongqing in 2Q, maintain full year passenger target at 4.4m from 48k flights, full year cabin factor at 76%, full year revenue @ Bt15b.
Comment: Et voila, back to normal…and anyone new to the market will say that BA is cheapppppppppppp given its holding in BDMS, whereas us older folks will say “yeah so what they will never sell it”
BE8 completed acquisition of 20% stake in Techsauce online media platform, will realize revenue from 1Q onward.
Comment: Perhaps whoever writes this news should understand accounting, this won’t be consolidated…
CHOW sees higher revenue yoy, on 700K tons steel sales, 150MW solar rooftop, reassures that its blast furnace in Pranburi is safe from Cesium-137 contamination.
ILINK wins Bt1.8b submarine cable project from mainland to Samui, mulls bidding for Bt300m transmission line project for Pattaya district in 2Q.
SAMART expects solid 2Q driven by contribution from air traffic control business in Cambodia during SEA Games event May 5-17.
SINGER upbeats 2Q earnings from surging demand for air condition & cooling products or summer season, eyes 15% full year revenue growth target.
Comment: And if their NPLs clear up, time for rally #3?
STECH wins 115KV transmission line project from Electricity Generating Authority (EGAT) & Provincial Electricity Authority (PEA) total Bt86.2m.
TAKUNI’s transformed into producing and distributing E-motorcycle and to be major source of revenue in 3 years. Its current production base is in Taiwan, target sales in Thailand by Dec.
Comment: “transformed” right….
TASCO’s expected to see 18-20% GPM in 1-2Q23, vs 10% in 1H22, and FY23 asphalt sales target at 1.3m tons, +10% yoy, and Bt2.68b profit, on lower feedstock costs and selling price, a broker.
Comment: They’ll probably have a decent Feb-May accounting period.
2 thoughts on “Stocks in the news (jasif, aot, aura, ba, be8, chow, ilink, samart, singer, stech, takuni, tasco) 23.03.23”
3BB is getting crushed by AIS in the broadband price war. Karma for Pete’s shenanigans all those years ago. I don’t understand why AIS doesnt just completely crush JAS and then buy up the scraps for pennies on the dollar. Their business is already on life support and I don’t think they have any deep pocketed backers, unlike True with CP.
Would’ve happened in vietnam, philippines, & indo…not in TH…