Stocks in the news (aav, bcpg, cbg, com7, inset) 28.06.24
AAV: launches new route from KL to Chiang Rai northern TH, with 3 weekly flights starting Nov 2.
BCPG: is expected to book Bt2.3b gains in 2Q from disposal of Bt10.37b Japan solar project to Denmark-based renewable co., Obton.
CBG: reaffirms solid 2Q from robust domestic sales growth supported by market-share gains after competitor raised energy drink price, exports orders from Cambodia have improved after flooding ended, wider margin from improves productivity & efficiency at new canning unit.
Comment: This company continues to beat expectations…they’re hungrier than OSP
COM7: announced buyback, up to 40m shares (1.67% of paid-up) under Bt800m budget from Jul 1 till Dec 31,2024.
Comment: Another sharebuyback..the whole market will be on a sharebuyback in the near future.
INSET: upbeat earnings visibility from Bt2b backlog pending to realize, expects positive momentum continue from robust growth in data center market, boost from equipment trading and cyber security business, will bid for additional data center construction project in 2H, firms on 10% FY24 revenue growth target.