Stocks in the news (pttep, smt, spali, susco) 06.05.22
PTTEP: reaffirms solid turnaround after hit by hedging loss in 1Q, sees higher average sales volume in 2Q at 467k boed vs 427k in 1Q, expects gas selling price peak in 4Q on renewal of gas purchase agreement in several projects.
Comment: Even my grandmother can trade oil better than this pttep team. At least its done. 200 coming?
SMT: 1Q22np at Bt56.84m +10% yoy, board approved Bt150m investment in bitcoin mining business
Comment: Add this to your list of co’s entering into the mining game.
SPALI: sees property buyers in the upper-end segment return to get good deal before px pushed by new costs, will launch new projects 378 units, Supalai Loft Phasi Charoen Station, next week, pre-sales kick off May 11.
Comment: Real estate sales are +30-40% YoY so there is a recovery, market share is returning to the big listed boys
SUSCO: teams up ESSO to joint expand retail stations, see fuels sales improved aft rebranded 35 existing outlets last year, mulls revamp another 45 branches upcountry, add more 15-20 stations, target 270 branches from current 251 by end of year.
Comment: Good move for both, reduces cap requirements.
edward bean
i have a 50 rai rice farm in phitchit. is it a good time to sell or will the price of rice make up for the added fertilizer cost? next, i read real estate is picking up. i have a 15m baht house in chiang mai. i want to put it on the market. do you think the market is good now or later.
Pon
why not buy more farms as the competition can’t afford to keep up with the increases?
no idea on cm prop, or any prop, TH is a strange market for houses – everyone believes their land and homes are worth a lot but there are barely any secondary market transactions – just wait til land taxes come in stronger then owners responses will be “oh its not worth that much”