Stocks in the news (ace, true, dtac, psl, threl, tps) 11.08.22
ACE sees solid growth momentum in 2H and on track to meet >Bt6b revenue target this year, signs MOU to supply electricity to Asia Clean IE in Chonburi and to join bid for community waste power plant.
NBTC board postponed decision on TRUE-DTAC merger, need more info, while consumer advocates petitioned the Norwegian embassy in BKK, expressing opposition to the merger, saying the move could take a toll on consumer interest due to lower competition and cause a higher risk of privacy violations.
Comment: Amazing, will this end up being another trading opportunity? This organisation is fantastic at offering traders the opportunity to buy/sell True & dtac.
PSL sees freight rate remain high as vessels supply shrink on replacement of aged vessels >20yrs to comply with International Marinetime Org (IMO) environmental compliance: Energy Efficiency Existing ship (EEXI) & Carbon Intensity Indicator (CII).
Comment: The IMO is responsible for providing ship owners such as PSL to benefit tremendously with their inability to confirm the design requirements of ships as per the new regulation => lack of new ships in the market => supply side issues => if demand is stable or has any growth => high rates.
THREL forms partnership with U.S. partner, Pacific Life Re to expand non-conventional reinsurance, joint explore feasibility via data analytic to launch new products.
TPS: board approved free warrant (TPS-W1) total 83.99m units for existing holders at 4:1 @ Bt1 strike, seeks holder approval on EGM (Sept 30).