Stocks in the news (ah, ask, ditto, eastw, jts, nncl, ori, stech) 28.03.22
AH anticipates solid 1H from strong auto parts orders & MG auto dealership operation thanks to PHEV sales & BEV stimulus, firms on 30% revenue growth target.
ASK sees 1Q22 loan growth +20% yoy driven by commercial vehicles hire-purchase, target FY22 new loans >Bt36b-38b, NPLs below 3%, stretch term loan to assist clients.
Comment: They have a tonne of new equity that they can put to use.
DITTO: local VI, Sathaporn Ngamruangpong, raised holding by 0.5868% to 5.5793% of total outstanding on Wednesday March 23.
Comment: Retail investors still love following their VI idols.
EASTW: Central Admin Court to hold urgent interrogation on EASTW’s petition for temporary injunction over Treasury Department’s decision to award major water management in EEC to Wong Siam Co. today.
Comment: Ah the children and the fiefdom’s are fighting it out in public again.
JTS has been put under cash balance, cash upfront before buy, from today until April 12, after stock jumped 27% last week.
Comment: Funnymentals, we’ve been wondering when the mother co, JAS is going to make the move
NNCL upbeats FY22 earnings from higher utility sales at Navanakorn estates Pathumthani & Nakhonratchasima on improved economic activities, larger clients yoy, mulls expand data center to capitalize on clients bases.
ORI to launch 5 condos projects in Rayong-Chonburi total Bt5b under Knight Bridge Hampton & Brixton Rayong, target FDI investors, workers in smart city, EEC area.
Comment: What FDI investors?:
STECH sets 25-30% revenue growth target this year, supported by Bt1,600m backlog and 10 new projects worth Bt18,150m it expects to win this year.
Comment: A construction material play, perhaps given that management is more open than SCP it won’t be a dog.