Stocks in the news (advanc, ivl, nyt, prm, sino, siri) 20.09.23
NBTC’s chairman said ADVANC’s takeover deal of 3BB will be concluded at meeting tomorrow, after lingering on for > a year, Tabloid.
Comment: Let’s see if the change in government & friends + the latest spectrum acquisition has helped this deal quicken.
IVL to acquire remaining 34% stake of Israel technical fiber producer, Avgol, for US$ 37.23m (Bt 1.336b).
Comment: After a quiet 12 months, cookie munster is back
NYT buys a transport vessel from Mercury Logistics Service Vietnam for US$2.6m, seeks to branch out from RO-RF pier for EXIM vehicles to transport biz.
PRM: establish subsidiary in Panama to expand petroleum transport & offshore support biz.
SINO: transporting co., Sino Logistic, debut IPO 292m shares at Bt 1.4 apiece, Jay Capital Advisor leads.
Comment: Despite the market that’s a great pump!
SIRI names acting CEO Apichart Chutrakul as CEO and chairman of the executive committee, to fully repay Bt4b bond, maturing on 27 Oct, with Bt16b cash on hand, sets Bt10b transfer target in 3Q, firms on Bt44b revenue target this year, Bt9.3b backlog,
Comment: It’s musical chairs at the top of SIRI.