Stocks in the news (aot, centel, chg, ptg, tacc, work) 12.01.24
AOT: China-based airline, Juneyao Air resumes flights btw Shanghai & Chiang Mai effective Jan 20.
CENTEL to cod 95 guest rooms lifestyle hotel, COSI Vientiane Nam Phu in Laos in Feb, first overseas COSI brand.
CHG eyes Bt8b FY24 revenue target driven by larger quota on SSO patients, contribution from 100 beds Chularat Maesot hospital cod-ed in Jun last year, offering cardiovascular clinic, integrated heart treatment in northern area.
PTG sets 10-12% fuel sale growth target this year from station expansion, sees marketing margin at Bt1.7-1.8/liter, with target to boost to Bt2, sets Bt5-6b capex for LPG related maintenance and expansion (Bt1-1.5b) and Bt4.5b for non-oil.
Comment: Again, just oil…and then at one point the company/stock will be at the perfect combination of great oil margins and a burgeoning non-oil business.
TACC launches apple tea in beverage lineup at 7-11, building momentum from Berry Christmas series in Dec, mulls adding more non-coffee menus at All Café & cold pressed beverage at 7-11 to expand segment coverage, boost sales upcoming summer season.
WORK revamps broadcast time slots & programs to improve rating & draw more ad revenue, expand online channel to increase eyeballs, expects positive earnings momentum continue from higher events & concerts yoy.
Comment: The Digital TV scheme has quite literally killed the media industry in Thailand, and then you throw in netflix etc and all the players here are dead or closing to dying.