Stocks in the news (amata, wha, bdms, ktb, siri, tse) 07.09.23
Kia is considering building a car factory in TH capacity 250k units p.a., may sign agreement with government for plant construction as early as this year, Maeil Business Newspaper. positive WHA & AMATA.
Comment: Ahhh finally a non CCP related company….
BDMS: holders approved raising foreign ownership limit to 30% from current 25% of total issued shares.
Comment: Positive for the shares.
KTB: government mulls distribute cash handout stimulus thru KTB’s Pao Tung digital payment application which already has around 40m users on board, Kaohoon.
Comment: It should be via pao tang, any other avenue used implies corruption
SIRI: revised FY condo transfer target to Bt 12b after achieved Bt 10b current target, sees 8M23 residential sales +45% yoy to Bt 13b account for 60% of Bt 22b FY target, will launch 10 project total Bt 10b before end of year.
TSE: upbeat 3Q earnings from full quarter contribution of 133mw Onikoube solar farm in JPN cod-ed in May, lifted total capacity to 286.2mw, mulls tap in solar rooftop private PPA to fill demand for cost saving from corporate, firms on record high profit this year.
Comment: The japanese are going to get rid of this rubbish in due time.
Don.
impressive news from SIRI, au contraire to what is in that rag, the BP. all depends on how slow their backlog is being moving out and the cost of financing buy downs. You used to keep your eye on the residential property backlog. is SIRI best placed, should the proposed reintroduction of the LTV rules be delayed by a pro-business govt? tia.