Stocks in the news (advanc, apco, bay, bem, bgc, fpt, human, lst, pjw, stec, synex/cpw/com7/spvi, ttcl, cwt/uac/tpch/cpi) 13.09.21
ADVANC agreed to pay Bt448m to settle Bt50b dispute with NT, paying ways for future collaboration.
Comment: All of these lawsuits will be settled due to the new owners.
APCO launches antiviral supplement, MyLife100, out on sales October 1.
Comment: And these snakeoil salesmen have another bunch of rubbish supplements for you to try.
BAY’s leasing unit, Krungsri Auto, reports 1H21 car tile loan (Car for Cash) topped Bt15b, sees strong demand for credit from SMEs & retail segment.
Comment: The bank is going to end up owning several cars that will have to be sold via AUCT.
BEM reports MTD-September tollway traffic >800k trips/day, expects 1m in November.
Comment: This past weekend driving outside of Bangkok just shows that people are moving around, Bang Saen was packed with locals. It’s only those in the cities that appear to be afraid of traveling.
BGC to reduce reliance on energy business to focus more on packaging to become total packaging solutions, sets Bt5b capex.
FPT’s subsidiary, Fraser Property Industrial (FPIT) signed partnership with Tencent Cloud to develop smart logistic park solutions, AI & IoT applications for industrial property under umbrella.
Comment: Do you see the relationships now?
HUMAN launches cyber security add-on services for personnel data, target existing clients and large corps, revamp HR software package to cover health data, insurance & retirement plan, expects big jump next year.
Comment: We think cyber security trends are going to hit an inflection point next year. (note I’m normally horrendously off on timing)
LST maintained 15-20% FY21 sales growth target supported by strong palm oil price from tight supply on rainy season, expects sales volume pick up 4Q on F&B reopen and absence of dine-in ban, eyes full year margins within 10-12%.
PJW sees growth in 2H on recovery in packaging and auto parts business, additional income contributions from medical supply unit, firms on 8-10% revenue growth target this year.
STEC’s board turned down plan to takeover STIT from STPI, on pandemic.
SYNEX, CPW, COM7, SPVI are expected to welcome Apple products launch tomorrow, Tabloid.
Comment: And it will be faster! shinier! prettier photos!
TTCL secured US$60m EPC solar projects in Vietnam.
Energy Regulatory Commission announced prelim result for community PP projects, with 10 projects (30MW) to CWT, two each to CV and UAC, one each to TPCH and CPI.