Stocks in the news (aot, asian, dhouse, ivl, jkn, ptg, scgp, tfg, spali) 26.10.20
AOT: 8 international airlines including, Singapore airline, Cathay Pacific, Etihad, Emirates, Austrian, Lufhansa, Austrian, Swiss Air & Qatar to resume flights to SIA from November 6, EVA & KLM are expecting to resume before end of year.
ASIAN: upbeat 4Q earnings from strong pet food sales momentum, expects to sign additional OEM orders from US & EU clients before end of year, firms on Bt 8.4b full year revenue target.
DHOUSE: property developer, D House Pattana, debut IPO 217.2m at Bt 0.6 apiece.
Comment: Great time to raise cap for a property developer.
IVL: signed JV Toyobo to estimate airbag yarns plant with capacity of 11kmtpa, Toyobo will offtake 100% of output for its weaving plant, target cod 1Q22.
JKN: allot Bt 2b budget to buy media contents, aiming to buy wholesale to boost margins, reassure solid 4Q from content sales to new clients in Taiwan, Sri Lanka, Bangladesh, South Africa, Brunei, UAE & Bhutan, firms on 10-15% revenue target.
Comment: But he/she already dumped more shares in the market, why the promotion atm?
PTG: plans to list 6 non-oil business including Pun Thai Coffee, Coffee World, Atlas LPG, Siam Autobacs, Max Mart convenience stores & palm oil chemical complex (PPPGC) from FY21 thru FY24 to reduce reliance on single revenue source.
Comment: I can see the PPPGC listing independently, but I expect to see other business put together as per their existing subs.
SCGP: fast-tracked into SET50 in place of TCAP, ERW ditch out from SET100 effective October 28.
Comment: That’s how you protect a share price.
TFG: inked deal French pork producer., CooperL, to jointly develop swine genetic improvement, disease prevention tech, farm operation systems and expand farms in Thailand, target cod mid-FY21.
SPALI: board approves estimate of REIT, SPALIRT, will divest Bt 3.2b Supalai Grand Tower office building and re-invest up to 20% of total trust units issued.