Stocks in the news (aav, advanc, bem, cho, crc, sena, tmb, tcap, kkp, tisco) 28.05.20
AAV considers merger with another LLC to clamp down on pricing wars once flights eventually resume in the country.
Comment: Would that be NOK? Wouldn’t make sense, Thai Smile perhaps?
ADVANC launches “GOMO” sim for online uses with unlimited 50GB speed.
Comment: Boom! And then your data will be leaked…
ASP cuts dividend payout to min 50% of net profit from 75% prior, expects to wrap up 1-2 IB deals from total 37 deals on hand.
BEM plans to bid for MRT West Orange (Cultural Center – Bangkhunnont) Bt120b and South Purple extension (Tao-poon-Ratchburana) 23.6km worth Bt100b.
CHO signed MOU with Defense Technology Institute to develop 6 offshore patrol vessels for Philippine Navy.
Comment: To catch those pirates!
CRC to acquire 49% stake in Family Mart from Japan JV partner (JFM) to fully run the convenience store franchise in Thailand.
Comment: CRC has been using TOP’s as DC’s for its family marts. I don’t think you’ll see them try to beat 7-11 throughout Thailand but instead focus on tourist locations (yes those exist)
SENA mulls cutting presales and transfers target after 2Q result, Bt6.4b of Bt11.8b backlog to book this year.
Comment: In the past 2 years they went into several large condominium projects…
Excise Department holds talks with auto industry representative today to discuss proposal to cut excise tax for new cars by 50%. Positive to auto and HP providers, TMB, TCAP, KKP, TISCO.
Comment: So we can buy European cars at nearly decent prices for once?