Stocks in the news (aav, jubile, gunkul, kkp, major, nwr, psh, thai, thbev, tvd) 04.10.19
AAV seeks Transport Ministry approval to use facial recognition software system at check-in counters.
JUBILE secures exclusive right to LINE Friend in Thailand, will launch new collections based on LINE Friend characters such as Brown, Cony, Choco and Sally.
Comment: I find this move to be interesting for JUBILE and odd by LINE…I shall have to find out more.
GUNKUL said its Bt2.8b bond was a success, to redeem expiry bond and use as working cap.
KKP may be removed from SET50 index components, the smallest market cap among peers after AWC debuts on Oct 10, Tabloid.
Comment: This is actually a fact-based comment from one of the Thai papers, a rarity
MAJOR signs up 13 theatres in Bangkok to government cash handout scheme, customers can join campaign from October 3 till November 30.
Comment: I’m of the viewpoint that this government handout is just the government financing the profits of major corporations and at the end of the day does not help the average thai citizen. Then again some may use to buy food that they need from Makro…
NWR wins construction contract and waste water projects combined worth Bt432m (Bt294m & Bt138m).
PSH’s Bt9b out of Bt17b backlog to transfer in 4Q, target new 4 projects worth Bt5.5b before end of year.
THAI was ordered by deputy Transport Ministry to come up with a new rehab plan within 3 months after failing to recover in past one year.
Comment: Here’s a solution – government ministry’s can’t fly for free…
THBEV will spend Bt7b next year to renovate 25-year-old breweries and increase sales from all beverages in populous Asean countries in next 6 years.
TVD launches new home shopping channel Madam Channel, focusing on women ages 30+, on True Vision 54 from November.