Stocks in the news (advanc, ap, d, ivl, scc, tkn, vgi) 30.04.19
ADVANC’s board to decide on May 9 whether to take up Government’s offer to defer payments of 900MHz license fee, sets 1m AIS Fibre customers and becoming top 3 by 2021.
Comment: Of course the telco’s are going to take it, its free savings. Absolutely ridiculous move by the government.
AP to launch Bt8.8b JV condo project, the Address Siam-Rajathevi, June 8-9, starting at Bt200K/sqm.
D to open new dental hospital by end of-May, firms on Bt1b revenue this year, boosted by Dental Vision and rising sales of Plameca Group dental equipments.
Comment: always wondered why dentists seem to be quite wealthy and yet this public co has rubbish #’s
IVL sets US$5b 4 years capex, hoping to double EBITDA within 5 years .
SCC cuts 2Q earnings on Bt2b provision on personnel-related expense from amended labor law, mulls to cut full year chemical sales growth target from current 5-10% projection after 1Q sales -5% yoy from lower selling price, expects cement sales to provide cushion from healthy demand for infra expansion.
TKN signals stronger 2Q following a new agent in China and orders from the US, firms on 10% FY19 revenue growth. To open 3-4 Hinoya Curry restaurants this year.
Comment: Could it be time for this seaweed player to return?
VGI buys 25% stake in boats advertising media operator, Ads Chao Phraya (ACP), for Bt100m.
Comment: They are becoming the one stop player in Thailand, this, MACO, PLANB, Line, Kerry. What else is left for them to take? Ahhh the buses? Ahh and they have things in Jakarta as well.
Xavi
The remedy for advanc is not a free lunch, i think they are forced to participate in the next auction and buy more overpriced spectrum. Maybe the interest savings is not worth having to shell out another 30B for spectrum they dont need?
Pon
Correct. Though I have my doubts on any near term future spectrum being bought by any of the players.