Stocks in the news (aot, dod, kbank, inet, jkn, gpsc, inet, ptg, rs, stc, tks) 15.03.19
AOT to seeks Treasury Department deal to extend the remaining 14-year land lease contract to new 30-year contract, to accommodate upcoming concession bids for duty-free and commercial areas.
DOD denied rumors its major shareholders were dumping share, sees return to profit in 1Q, mulls at least 5 investment projects.
KBANK estimate JV with LINE Corp, Kasikorn Line, to expand digital banking services, debuts operation 2H.
JKN’s secured contract with at least 4 TV channels for its JKN-CNBC biz news contents with more on the way, to open a studio mid year.
Comment: Good stories here but lets see if there’s actual execution
GPSC completes purchase of 69.11% stake in GLOW.
INET sets 35% revenue growth target, sees solid 1Q, books gain from selling NETBAY and mulls infra fund by 4Q19.
Comment: Without NETBAY I’m not sure what value is left in INET
PTG to start selling B20 biodiesel within this year, target >200K liters/month, boosting this year rev to new record high Bt140-150b.
Comment: At the end of the day the issue is clear here, the volatility in marketing margins
RS to shift sector from Media to Commerce, effective Mar 29.
STC upbeats FY19 earnings from surging turnkey projects for solar expansion, expects to win at least Bt1b out of Bt2b current bidding, will cod 5.6mw pp late March, lifts total to 36mw, eyes 20% revenue growth target.
TKS raised holding in commercial printing co, TBSP, by 2% to 79.74%, will restructure and relocate to EEC to capitalize on BOI incentives, expects big jumps this year from e-passport projects, security forms to serve corps and product for e-commerce segment.