Stocks in the news (advanc, bla, mg, focus, sprc, s, siri) 16.05.19
ADVANC reaffirms solid 2Q from eased price war and strong AIS Fiber broadband subscriptions, sets Bt25b capex to expand network, target 4-6% revenue growth this year.
BLA anticipates 2Q turnaround from recovery insurance premium supported by BLA Prestige Health supplement insurance pkg, seeks additional selling channel aft BBL starts selling AIA insurance products.
Comment: I have my doubts on their ability to turn things around
MG has signed a MOU with EA for the joint development of a charging network for the brand’s EVs in Thailand.
FOCUS name change to Proud Real Estate Pcl, ticker change to PROUD, effective today.
Comment: Ahhh so this dodgy politician has found his way to the market
SPRC sees uptrend 2Q GRM as supply shrink from maintenance shutdown on regional players, US driving season and higher demand for low sulfur fuel from marine segment before IMO rule effective Jan20.
S to list hospitality unit, Singha Hotel & Resort (SHR), in 3Q, SEC approval before end of-1H.
SIRI to launch 6 residential project worth Bt11b for remaining of 2Q, maintain Bt36b full year sales target, eyes Bt29b FY19 revenue target.
Comment: One of the worst balance sheets in the real estate sector