Stocks in the news (aot, ccet, gunkul, delta, ori, siri) 27.11.23
AOT’s Chiangmai airport reports 47% of flights, 77 domestic and 24 overseas, during Nov 27-28 Loy Krathong, has been cancelled, due to safety concerns, related to flying of lanterns and balloons during the Loy Krathong festival.
AOT: Air India confirmed new service flying direct from Delhi to Phuket starting Dec 15,23.
Comment: Incredible Indiaaaaaa. Thailand is cheaper than Dubai, and 1/2 the price of Goa for the New Year holidays, no brainer…
CCET: Compal Electronics raised holding by 11.9566% to 14.8721% on Nov 16.
GUNKUL maintain 15% FY revenue growth target driven by Bt6b EPC renewable backlog pending to realize, contribution from power portfolio, mulls allotting Bt2b- 7b CAPEX to expand portfolio over next 2 years.
DELTA will have to trade ~11.9m share average each day during Nov 24-30, in order to boost turnover ratio to >2% from current 1.43% to keep its SET50/SET100 status for 1H24, market chatters.
Comment: Perhaps it was the HFT Funds that pushed this name to the moon on positive momentum, and with those guys now going quiet because of the SEC/SET action DELTA’s bid may finally completely disappear.
ORI sets Bt8b capex to dvlp 10 acres mixed-use project in Phuket, Origin Resort World, comprises of resort, villas condo, beach club, branded residence, will begin 1st phase Bt2.5b.
Comment: With what money?! No really, I’m serious, with what money?
SIRI keeps Bt41b FY residential transfer target, confirmed launch plan 22 project total Bt36.6b by end of year, aims to boost transfer momentum in FY24, target 10-20% transfer growth next year.