Stocks in the news (ah, bm, crc, ori, pr9, scc, sgp, tisco, ureka, wha) 06.10.22
AH firms on 30% revenue growth target on 5-6% auto industry growth, and expansion in EV market.
Comment: Again this revenue growth has nothing to do with EV’s, but it’s the narrative being used.
BM’s upbeat outlook from pending orders of steel module for Tao-Bin robotic barista machines from FORTH, keeps Bt1.4b FY22 revenue target, eyes 10-20% revenue growth next year.
Comment: That’s such a small part of their business…
CRC sets Bt10b in tech capex, upgrading into Next-Gen Omnichannel, sets 25-30% sales via platform.
ORI mulls revising presales target this year from original Bt35b after securing Bt29.398b 9M22, a 28% growth, plans 13 pjs worth Bt14.95b in 4Q, firms on Bt26b transfers and Bt36b backlog target.
PR9 reaffirms >20% revenue growth target this year on stronger than expected 3Q, boosted by >30% growth in both IPD/OPD, new wards, and online sales of check-up packages via Shoppee.
Comment: Just look at the performance of this hospital, granted the figures were boosted during covid, but they appear to be growing from strength to strength.
SCC said IPO of its chem unit, SCG Chemicals, may not take place this year, will consider appropriate timing early next year.
SGP acquires LPG trading business in Laos, Prasansack Gas Sole Co., to expand LPG mkt in neighboring country.
TISCO: Massachusetts Financial Services Co., cuts holding by 0.0219% to 4.9906% on September 30.
UREKA sees strong 2H in all segments, especially recycling of plastics under its unit, A.P.W., which seen rising in orders and in the midst of doubling capacity, while its water utility biz is expanding into 2nd phase after a successful 1st phase.
WHA reaffirms solid 4Q from strong industrial land transfer as FDI investors wrap up purchase on weak THB, mulls divesting Bt5.4b assets into REIT within 4Q, firms on 20% FY revenue growth target.