Stocks in the news (jpark, moshi, nut, pjw, spvi, stecon) 11.06.25
JPARK in talk partner to management parking-lot total 3k slots, expects to wrap up by end of month, firms on FY target 50k slots by end of year.
Comment: Still need to know more about this group…
MOSHI: Deputy CEO, Monthana Asavametha, sold 3m share or 0.9% to Samsung Asean Equity Fund @ Bt42 on 9 June, left with 12.35%.
Comment: Their YoY 2Q #’s are going to look – only because they had such a terrible 2Q24 due to supply chain issues in Chyna. I have no idea how 2H plays out…but visually, foot traffic still seems to be ok.
NUT: Nutrition Profess, health & wellness products co., manufacturing & selling dietary supplements, cosmeceutical & personal care products debut IPO 37m shares at Bt6.8 apiece, Phillip Sec leads.
Comment: Deez nutz….
PJW sees positive earnings momentum continue in 2H after branching out from containers & auto parts to med supplies, larger clients in portfolio, will tighten up costs ctrl to boost margin.
SPVI expects Apple iOS26 to stimulate demand for handset upgrade from new features: Apple AI live translation (voice & text), upgrade interface, call screening & hold assist, message & chat control, CarPlay Ultra, map & Apple Music.
Comment: Congratulations to Apple for forgetting their mathematics and DEI design hiring.
STECON signed construction contract with TOP for structure, mechanical & piping (SMP) valued at Bty7.4b.
Comment: There’s a real dearth of competition at the moment. Chinese players are out – b/c they’re cheapos and their buildings fall down, Koreans and Japanese aren’t really fighting in this space, so it’s all for CK and STEC.
Malls and fresh foods producers are expected to be main beneficiary from hot-pot price war btw M (MK suki) vs JMART (Suki Teenoi): positive CPF, BTG, TFG, GFPT, MBK, CPAXT, CRC, BJC.
Comment: “Because the population is so poor, competition between restaurants is great for the agri players”
peter satrapa-binder
NUT: IPO price of thb 6.80 doesn’t look so bad, seeing that they had EPS of thb 0.66 in 2024 and 0.35 in 1Q25. But still they are down app. 10% now. I believe that generally now it isn’t a very good time to do an IPO (or at least not to buy at the IPO price), the market’s mood is probably just too negative right now.
Pon
Well…..typically the #’s are juiced a bit pre-ipo and so let’s wait & see a few q’s and see what reality is.
But yes the appetite for IPOs has dropped tremendously and combine this with the onerous requirements from the SEC that has led to a drying up in the IPO pipeline.
peter satrapa-binder
regarding numbers juiced: yes, i guess one will have to wait for the 2Q25 figures but generally not uninteresting.
IPOs: my hope here would be that some funds would flow out from for example the USA and into emerging markets and that thailand would also benefit from this. otherwise the immediate future for most stocks doesn’t look that bright.