Stocks in the news (a5, awc, ba, jpark, ptt, seafco, stpi) 17.06.24
A5 announced buyback, up to 33m shares (2.73%) under Bt100m budget from Jun 17 till Dec 16.
Comment: On paper the numbers seem ok, but a sharebuyback at this valuation? …it’s not that cheap..
AWC sees no impact from the insolvency of FTI in Germany, projects strong OCC to continue in 2H, plans to open some new properties, Fairmont BKK Sukhumvit, a Marriott hotel, along with a Melia hotel in Pattaya, while its Bt10b wholesale and retail food centre, from renovating Pantip Pratunam, will open at end of June.
BA revealed interest to invest in cruise terminal & sea airport project initiated by Transport Min, to participate if see lucrative returns.
JPARK launches parking lot searching app, Prompt Park, allowing customers to find nearby parking space, digital payment via prompt pay, Rabbit LINE Pay, True Money and credit card, t/g 2-3k parking slots on board by end of, 20-30k by end FY25.
Comment: I LOVE this idea.
PTT’s new CEO to announce 5-year investment plan in 3 months, aims to revamp investment port in both hydrocarbon & non-hydrocarbon, gears toward light asset, high ROI, target net zero carbon by FY50.
Comment: Net zero carbon – means I don’t have air to breath, can you fukwits supporting this Net Zero bs stop….go pump more oil.
SEAFCO reported 22 foundation work project secured in 1H total Bt875m lifts backlog to Bt1b, expects more to come in 2H aft deadlock on Orange line MRT project has been removed , firms on Bt1.8b FY rev t/g.
Comment: Woah. And this is before government spending really starts…
STPI acquires solar solutions co, Impact Solar, for Bt2.05b, seeks to branch out from construction biz to solar rooftop installation biz, board approved selling RO up to 133.442m shares to existing holders 12:1 @ Bt3.4/share, subscription period on Aug 20-26.