Stocks in the news (aot, banpu, bpp, earth, ptg, spali, tta) 24.08.17
AOT
AOT to hire PLE to build a building for Bt14.2bn. It also approved King Power to manage commercial areas in Don Muang airport for 10 years. It plans to open up more projects for bidding. It targets 2017 passenger growth of 7-8%. (Khao Hoon, 24/8/17)
Comment: PLE? How on earth they did win this? King Power – no surprises, apparently they bid far above everyone else.
BANPU
BANPU to gain benefit from higher coal prices, boosting 2H17 performance. It plans to launch an energy technology business this month. (Thun Hoon, 24/8/17)
Comment: They are being left behind in the energy industry.
BPP
BPP says it will engage in continual development and investment into power plants. It aims to have 4300MW by 2025. (ThunHoon, 24/8/17)
EARTH
KTB and KBANK are ready to negotiate with EARTH. They say they have never been contacted by EARTH. The Central Bankruptcy Court is going to investigate on September 18. (Thun Hoon, 24/8/17)
PTG
PTG invests Bt65mn to buy Siam Autobacks to expand its auto services. It plans to increase revenue from non-oil business. It believes 2017 revenue will reach Bt9bn. (Thun Hoon, 24/8/17)
Comment: BCP has recently impressed with their own shift to non-food business in their petrol station business.
SPALI
SPALI to transfer five projects, pushing 2H17 revenue to reach Bt24.5bn. It plans to launch three new condominiums worth Bt5.5bn. (Thun Hoon, 24/8/17)
TTA
TTA expects BDI index to rise in 2H17. It plans to buy 1-2 more ships in 2017. (Thun Hoon, 24/8/17)
Comment: I still shake my head at this company, I suppose one day it will be attractive.