Stocks in the news (anan, bbl, siri, tkn, wha) 23.08.19
ANAN: kick-off promo event, Urban Expo, Aug 23-25, aims to purge inventories from 32 ready-to-move in project.
Comment: Expect to see a drop in their GPM’s
BBL: mulls to revise measures to curb credit card NPLs, sees soured loans from those who has no pay slip climbed (self-employed, online vendor & SMEs).
SIRI: cut FY19 presales target to Bt 30b from Bt 36b from postponement of 4 new launch projects
Comment: They have a quite a few projects to be “transferred” this year…I have my doubts, the same goes for ORI
TKN: CEO, Itthipat Peeradechapan, and family members sold 3.5% of total O/S (48.3m shrs) to strategic partner on Aug 20, founder family remained majority holder of co., posted transactions (58%), SEC filing.
Comment: Woah! then again it was is 3.5% of the company. I wonder whom the buyer is …a strategic partner that is willing to only have 3.5% of the company? It doesn’t sound quite right.
WHA: to sign land deal contract with Golden Egret Cement Carbide today.