Stocks in the news (amata, bbl, cpf, gunkul, lph, scb, syntec, tm) 27.01.20
AMATA signs consortium with Dept of Urban and Housing and Development (DUHD) to develop smart city in Yangon Myanmar, AMATA will hold 80% of the projects.
Comment: The share price has finally come off (with the market) but I still wonder where are these land sales?
BBL no cash call plans for Permata acquisition, seeks shareholder’s approval on March 5, expects to pay 1st payment for first lot 89.12% in 3Q.
CPF’s expected windfall from higher swine exports vol and higher selling px as HK steers away from supplies from China, Dept of International trade promotion.
GUNKUL secures Bt584m solar rooftop installment at Tesco with 437.4KW capacity, confident of securing 30% of Bt15b worth of projects it plans to bid this year.
LPH anticipates higher revenue base from larger capacity and higher subsidies from SSO, submitted petition for additional 10k SSO patients quota from current 160k, expects results out end of-2Q, eyes 25-30% revenue growth target.
SCB may pay additional Bt4.5 2H19 dividend in April after board’s greenlight to allow >50% payout, Tabloid.
Comment: IMO there are a lot of question marks regarding SCB management over the past 5 years. PACE, ITD, SSI, ACE, IFEC all massive bad loans, some firms there are equity stakes as well.
SYNTEC wins condo construction contract worth Bt200m, lifts backlog above Bt12b, firms on 5% FY20 revenue growth target.
TM sees yesterday sales +30% yoy driven by surged demand for medical supplies on the back of coronavirus outbreak, seeks to expand online sales to boost revenue.