Stocks in the news (aot, bts, aeonts, human, cpn, ilm, leo, sabina, scc, snnp, true) 27.07.23
AOT sees 20% rise in passenger during a 6-day holidays (only for civil servants).
Rabbit Cash, a venture co of BTS/AEONTS/HUMAN, debut digital wellfare lending, instant credit approval within 3 mins via AI credit screening, installment period from 6-36 months, 1.25% interest/month (effective rate).
Comment: Ok anyone else fed up with this “AI” bullshit? It’s just if and then statements….
CPN to cod Centara Ayudhaya hotel in Oct, 32k sq.m. Central Westville on Nov 29 and Centara One Rayong in Dec, maintain 2H launch plan of 7 residential projects total Bt9b, target 14-16% CAGR over next 5 years.
Comment: The retails kingpin, they know exactly where to place their secondary assets to their malls and when to launch and how to launch.
ILM cod 5k sq.m community mall, Little Walk Krunthep Kritha.
LEO teams up LogiCam to expand cross border Thailand-Cambodia logistic, custom clearance services.
SABINA launches Barbie collection, capitalizing on the movie hit, to boost sales in 3Q.
Comment: HAhahahaha clever…will work…does make it wonder whether the movie stock will move…
SCC reported 2Q net profit Bt8.08b, -18% yoy, beats Bt5.17b consensus, pays Bt2.5 dps, XD Aug 9.
Comment: Better than expected, bottom in.
SNNP anticipates positive growth momentum continue in 2H driven by new products launch (1 energy drink, 1 health supplement & 1 new Jele jelly variation), tourist market penetration via new snacks kiosk at BigC Rajadamri, tailwind from sales in Vietnam, expects full year oversea sales expand to 30% from 25% by end of year.
Comment: They must have the best distributors…
TRUE signs MOU with GSMA to join a strategic alliance to jointly develop mobile network open app programing interfaces (APIs) with 31 global mobile network operators to provide services in Thailand.
Comment: Looks like the Telenor relationship is coming to good use.