Stocks in the news (advanc, kbank, scb, plus, psl, safe, tkn, xo) 07.11.23
NBTC board is likely to approve ADVANC’s proposal to takeover TTTBB on Nov 10, Tabloid.
ADVANC’s launching 2 services 5G boost mode, offering network on demand, full speed of 5G for 3hours, target livestream & gamer, will debut Microsoft Team Phone early December.
Comment: So GULF I mean, *someone*, has decided to raise a kerfuffle with the merger/amalgamation of True & DTAC, but ADVANC will probably go ahead with the takeover of TTTBB.
KBANK, SCB and KB Kookmin are among final bidders for consumer lender Home Credit’s business in Vietnam, valued at $700m, a deal by end of year.
Comment: Hmmmmmmmmmmmmmmm……..
PLUS expects FY23 earnings flat yoy at Bt1.4b before momentum picks up in FY24 driven by coconut products orders from 30 new clients on board this year, newly launched coconut oil & juice, will increase shelf space at Walmart from current 3k outlets to total 4.3k branches in the US within early next year, eyes Bt2b revenue target.
Comment: In Thailand, you have PLUS vs COCOCO vs MALEE for the coconut space.
PSL secured US$ 37.5m loan from Credit Agricole to refinance acquisitions of 6 vessels.
Comment: The BDI had rebounded well this year but the share price went the other way…
SAFE in JV with 2 oversea hospitals to open 2 more fertility clinics, sets 20-30% revenue growth target.
Comment: A SAFE play
TKN sees positive 4Q sales momentum driven by strong snacks exports to US & China, orders from MAJOR, maintain FY margin above 30%, 20% FY revenue growth target, mulls tapping in EU market next year.
XO reaffirms 50% revenue growth target this year to Bt2.4b, sees no impact from resumption of Hui Fong’s Sriracha production in the US, after stock fell 18% yesterday.
Comment: Well, this was one of the perceived reasons for the share price performing so well this year…