Stocks in the news (aav, asw, bch, epg, ktb, ptg, sun) 06.06.24
AAV will introduce direct flights from BKK to Indian city Tiruchirappalli in southern India, start on Sept 21 with 3 weekly flights, expects robust growth as Indian travelers make up 80-90% passenger of flights between India and TH with load factors avg at 88% , indicating India’s huge market potential.
Comment: It’s time for incredible indiaaaaaaaa.
ASW launches Bt1.16b, 579 units campus condo project, KAVE Genesis Nakhonpathon, opposite Central Nakhonpathom dept store, nearby Silapakorn university, presales kick-off Jun 8-9.
BCH’s cancer clinic on track to cod at end of Jun, expects additional Bt100m contribution p.a., mulls expand surgery center to accommodate surged traffic, firms on double digits growth this year.
EPG sets Bt14b revenue target this year (Apr 24 – Mar 25), from plastic containers, insulations, sets Bt466m capex to develop, add machineries and improve production lines.
KTB keeps 3% loan growth target this year on government’s budget disbursements, sees progress in preparation for Virtual Bank application before submission in Sept.
Comment: This virtual bank app is such a waste of time.
PTG upbeats 2Q fuel sales volume driven by demand during Songkran holiday, sees marketing margin improves after government gradually lifts diesel price cap by Bt2/ltr during Apr-May, seeks to expand non-oil revenue to balance out revenue mixed, mulls listing LPG unit, Atlas Energy (ATL) in 4Q.
Comment: Its oil prices dummy…I’m betting on oil bottoming in July for the year..and then off to 85-90 we go again and PTG drops one more time
SUN collaborates with JPN partner to develop sweet potato under brand KC, out on sales at convenience stores in JPN from 3Q, eyes 10-15% FY24 revenue growth target.
Comment: I like this model, partnering with Japanese convenience stores is the only way a farm can move up the value chain.