Stocks in the news (jwd, mcs, scm, thai, tisco) 12.11.21
Central Group expressed interest in Selfridge takeover, was working with Citi on deal, SKY news.
Comment: They are going to eat the retail world in Europe at this rate, though I don’t see Central group paying above “fair prices”
JWD anticipates FY21 revenue exceed Bt5b target after registered rec high for 3 consecutive quarter, will start to realize contribution from 15% holding in Eastern Sea Leam Chabang Terminal (ESCO) & joint invest logistic warehouse with MyCloudFulfillment from 4Q, sees positive momentum continue next year on improving auto parts supply chain activities, thermal control logistic on foods exports, e-commerce warehouse, dangerous goods management, inland container depot, logistic infra.
Comment: People still haven’t taken into account their investments in Vietnam.
MCS to sign contract to supply steel module total 25k tons before end of year, expects to wrap up another 20k tons within 1H22, 90k tons backlog to realize until FY23, eyes 75k tons sales target next year.
Comment: Well the Tokyo Olympics story has come and gone, what’s left?
SCM issues free warrant, SCM-W1, 200m units for existing holders at 3:1, XW November 25.
THAI’s expected to seek Bt25b in loans to boost its financial liquidity as the airline expands its cargo flight services to a further 30 routes from now until March next year.
Comment: I would like to see where the equity is coming from.
TISCO teams up MTI to launch Tisco Auto Warranty, cover labour costs and 128 genuine parts, free slide on first 20km for vehicle ages <15 years, <200km.