Stocks in the news (aav, advanc, dohome, dusit, iii, mgc, rs, sak) 13.11.23
AAV’s introducing new direct flights between BKK-Kaoshsiung, Taiwan to boost tourism in key city, enhance traffic between BKK-Chiang Mai route starting Feb 24.
NBTC board approved ADVANC’s takeover of TTTBB, as expected, subject to certain safeguards to protect consumers, such as keeping the lowest-priced pre-merger package available and ensuring service quality and price packages are kept for 5 years from the date of consolidation.
Comment: And voila, the consolidation of power to creating a duopoly continues in Amazing Thailand.
DOHOME: 4 home improvement stores on track to cod within 4Q, mulls increasing house brand products to 20% of portfolio from current 10% to stretch margin, upbeat FY24 sales outlook from an upcoming shopping tax rebate stimulus.
DUSIT signed hotel management agreement with Bangalore-based, Ziogrren Private ltd, to manage 4 Indian properties.
Comment: I only wonder if the covid era has delayed their ability to continue going out there and creating shareholder value or if it’s going to be stagnant again.
III sees positive air/sea freight momentum as traffic accelerate after U.S. exempt import tax on some of products from China till end of FY23.
MGC anticipates 4Q turnaround from improved car sales on an upcoming Motor Expo Nov 30-Dec 11, with 900 vehicles pending to delivery, Azimut yacht transfer to client, recurring income from Tesla Approved Body Shop (TAB) contract, upside from SIXT rent a car on holiday season and insurance broker business under venture co., with Howden Maxi.
Comment: Now let’s see how good the motor expo is.
RS: credit rating downgrade to BBB- from BBB, maintain stable outlook at TRIS rating.
Comment: Should be closer to junk….