Stocks in the news (advanc, ap, bdms, ccp, ktb, planb, ratch, rs, tcmc, tse, wha) 15.01.20
ADVANC was the 5th to acquire 5G bidding docs, while Cabinet gives greenlight for National Telecom (NT) to participate in the bidding.
Comment: I want to see a JAS part 2.
AP launches Bt4.7b luxury condo the Rhythm Charoenkrung Pavilion in JV with Japanese partner, plans 4 new condo projects worth Bt12b.
Comment: The real demand is still there, but the speculators are gone.
BDMS in talk to sign exclusive agreement with 2-3 insurances co., following successful debut of upscale packaging with Allianz and Viriya, seeks to boost revenue from health care insurance clients to 40% of revenue mixed within 5 years from current 31%.
Comment: BDMS has pricing power that is unparalleled in the domestic market.
CCP expects wider margins after shifting from concrete mixer to building material agent and concrete transport services for contractors, upbeat outlook this year from government infra expansion.
KTB’s CEO, Ekniti Nitithanprapas, resigned, to become board chairman of TMB to speed up amalgamation with TBANK.
PLANB sees big jump this year from advertising management right at 7-11 and wider digital media coverage via MACO, contribution from joint collaboration with Dentsu X to broadcast and marketing Tokyo Olympic 2020 in Thailand.
Comment: What oligopoly?
RATCH in talk to sell electricity in 340MW PP in Laos to EGAT.
RS sets Bt5.25b revenue target this year, +30% yoy, implements 4 new strategies under Entertainmerce to drive business.
TCMC signs JV Dephin International to estimate carpet production plant in Oman, aiming to reduce transportation costs, shorten production and delivery lead time, expand distribution channel & marketing in Middle East.
Comment: They’ve been making moves for the past few years but no results seen yet.
TSE plans to add 200mw in portfolio from current 313.67mw PPA on hand, expects to win bidding for 50mw powerplants projects in Malaysia upcoming announcement in February, firms on 50% revenue growth target.
WHA: Bualuang AM cut holding by 0.5958% to 4.4339% of total outstanding, SEC filing
Comment: I do enjoy the fact that these numbers are being more widely reported.