Stocks in the news (ace, amata, itd, jmt, pps, scb, scgp, scn, spali) 25.07.23
ACE to expand private PPA, sees growth there, to sign PPA for 18 alternative energy power plants by Oct, boosting capacity to 112.73MW.
AMATA reaffirms 2,250 rai land sales target, entering high season, sees no impact from political impasse, as long as it’s peaceful.
ITD with China Raiway jv won Bt9.34b railway construction contract in Nakorn Ratchasima.zzzzzzzz
JMT sees NPLs in the system will remain high, despite effort by BOT, to acquire more NPLs.
Comment: There is a RIDICULOUS amount of NPLs in the system, Thailand is in a balance sheet recession, it’s a fact and the only players that can grow are the debt collectors.
PPS in collaboration with Aldagram, a Japanese startup, launches construction management app, KANNA, to help streamline work process and control costs.
Arthid Nanthawithaya, CEO of SCB X, said he would reject the post of Finance Minister in the incoming government if he were to be offered it.
Comment: That’s a shame for SCB, it would be an instant buy the moment he’s gone.
SCGP to report 2Q today, broker sees Bt1,450m, +19% yoy on solid recovery in packaging both at home and overseas, lower costs, freight and coal, Tabloid.
SCN to become #1 in gas transport in Thailand, after securing contract to increase transport for PTT to 700 ton/d worth Bt500m and other industrial group, boosting total to 1K ton/d, firms on 30-40% revenue growth target.
SPALI to transfer 1 condo project in 3Q, Supalai Premier Si-phaya-Samyan, launches 10 horizontal pjs worth Bt9,650m , firms on Bt36b revenue target this year.