Stocks in the news (ally, brook, btc, dusit, major) 05.06.24
ALLY: name changed to ALLY Freehold & Leasehold REIT, ticker unchanged, effective tomorrow.
BROOK: ticker changed to BTC, co., name remain unchanged, effective tomorrow.
Comment: They are not serious people.
DUSIT eyes 20% FY24 revenue growth target driven by higher RevPar & ADR, expects avg FY24 OCC above 75% vs 70% in FY24 higher than 74% pre-covid, seeks to expand hotel management contract to reduce capex, add midscale hotels to accelerate returns, 8-10 hotels in the pipeline to open after cod Dusit Thani BKK in 3Q24.
Comment: Simple play – the launch and transfer of Dusit Residences + the reopening of Dusit Central Park in 3Q24.
MAJOR allots Bt1b budget to revamp theatres to Digital Cinema Package (DCP) by end of year, collaborates with AIS using 5G internet connection for online delivery instead of transporting movie content via traditional means to theatres, aims to reduce energy consumptions and carbon emission, save time & shorten delivery process, gear towards sustainable business practice.
Comment: Well…there’s a lot that needs to be done for MAJOR – but I think we are starting to see some damn solid movies coming to the screens..but will the kids still go?
SET to post CF (Caution Free Float) sign on 17 stocks with below min free float requirement, to be purchased via cash balance account only, ANI, CIMBT,GGC, GLAND, GRAMMY, KWI, LRH, MATCH, NFC, PMTA, PRG, PTECH, ROH, TNL, UMS, UONKH, ZAA.