Stocks in the news (aj, amarc, bcp, btg, ea, ilink, nwr, sabuy, ttw) 19.10.22
AJ board approved procurement plan under Bt1.1b budget, to buy BOPP film machineries & equipment from EU & JPN for regional expansion, aims to capitalize on weak currency.
AMARC: food & agricultural inspection laboratory, Asia Medical & Agricultural Lab and Research Center, debut IPO 120m shares at Bt 2.9 apiece.
Comment: Now here’s your typical IPO pop for a small name.
BCP reported Bt3b digital bond sold out in 3min 18 second via KTB Pao Tung app on 1st date of subscription yesterday.
Comment: This Pao Tung app is a god send for capital raising.
BTG: agricultural food products manufacture, Betagro, to debut on November 2, 500m shares IPOed @ Bt40/share.
Comment: Can’t get my head around the idea of buying this name for the IPO. Don’t see the opportunity especially if chicken n pork prices decline next year as it appears that peak prices have been reached in May.
EA’s launched MT30, an E-mini truck, hoping to see solid reception at TH International Motor Expo in December.
Comment: They’ll need to go to the temple and pray for government contracts.
ILINK to sign Bt1.78b submarine cable projects for Koh Tao island on Nov 1, expects to realize earnings by 5-8% this year.
Comment: See, all the projects they spoke about 4-6 years ago are finally coming through…
NWR wins flood protection projects in Nakhon Pathom & waste water system for Sri Ayudhaya road total Bt419.6m.
SABUY board approved share purchase in AIT up to 30m shares (2.25%) ~Bt172.2m budget, expects to complete transaction by end of November.
Comment: So what the f is their business?
TTW’s confident of having its water sale contract, via its unit PTW, with Provincial Waterworks Auth, expires in Oct 2023, extended by at least 2 more terms of 10-year each as defined in original contract. PTW contributes 30% of TTW’s revenue.
Comment: Their offices are next to one another. CK has it locked up