Stocks in the news (aot, ap, jas, pr9, samtel, synex) 07.07.22
AOT to open bid for Bt7,830m East-passenger terminal extension next year, with construction expected to begin soon after.
Comment: I’m all for these expansions, Thailand had infrastructure issues dealing with the increase in Chinese tourists leading up to 2019, if we throw in the Indian market, it would be impossible for the travel industry to cater to both countries.
AP reported 1H22 residential sales at Bt25.53b, +43% yoy, maintaining 40 launch plan, (16 townhome, 18 SDH, 3 condos, 3 upcountry projects) total Bt53.6b in 2H.
PR9 sees solid 2Q yoy, on reopening which boosted foreign patients, raised revenue growth target this year to 20% from 15% earlier.
JAS board approves disposal of TTTBB & JASIF to ADVANC for Bt32.42b, seeks holders approval on September 23, transactions expected to complete by end of March 23 if NBTC gives a go.
Comment: And so what’s left in JAS? JTS? The future #1 bitcoin miner in ASEAN?
SAMTEL wins SAP upgrade projects for Metropolitan Waterwork Authority (MWA) and IT procurement projects for Government Saving Bank (GSB) total Bt 625.95m.
Comment: I wonder if SAMTEL will return to prominence should there be a change in government in 2-3 years.
SYNEX’s subsidiary, Synnex Incubation, invest 25% in cybersecurity services provider, Cybertron, aims to capitalize on digital transformation, enhance value of existing hardware business, diversify source of revenue.