Stocks in the news (all, bafs, ktc, pri, pttgc, singer, meb) 14.02.23
ALL will make partial payment of bond interest due, account for 20% of interest amount due on Monday to avoid default.
Comment: They are bankrupt, this is just technical bs
BAFS reaffirms big jump this year from strong jet refueling service rev on improved traffic, sees positive momentum carry thru 2Q on tight summer flight slots.
Comment: And it’ll keep going.
KTC sets 20% growth target for tourism related credit card spending this year to Bt20b, after recording a 10% growth YTD.
Comment: And they’ll keep happily making interest from those that overspend, I’m in constant amazement of this business, because firms like KTC are used as a funding mechanism for several SMES and it speaks to the difficulty of getting financing.
PRI’s turn-key interior subsidiary, Wyde Interior, established furniture manufacturing plant to enhance value chain, flexibility to customize built-in/knock down furniture, expand coverage from retail to residential projects.
PTTGC: net loss -Bt968m for 4Q22, vs Bt3.25b profit yoy. Its FY22 also net loss -Bt8.75b, vs Bt44.98b profit yoy, due to 49 days maintenance shutdown and weak petrochemical demand.
SINGER scales back budget for buy back program to Bt395.74m, up to 13.89m shares (1.69% of paid-up) from Bt640m, up to 18m shares (2.19% of paid-up) prior, shorten program to Feb 28, 23, from March 23,23.
Comment: Can be viewed either positively or negatively, worst in the past? Sunny skies ahead for SINGER?
MEB: e-book publisher, a subsidiary of CRC, MEB Corp, debuts IPO 75.5m shares at Bt28.5 apiece, Bualuang Securities leads.
Comment: You need to get closer to your brokers, another great IPO pump