Stocks in the news (aot, dtc, pstc, s, singer) 23.01.20
AOT said coronavirus had no impact on arrival January to date as seen in 2% growth, confident of 5% growth this year, have plans to handle the outbreak.
Comment: The drop will be seen in the coming weeks/months should this continue.
DTC acquires F&B catering services business in Vietnam, The Caterers, for US$3.9m (Bt117m).
Comment: Actually a clever a move should this firm supply all the hotels, F&B’s etc etc
PSTC secures a 10 years LNG supplies contract from PTT.
Comment: Sounds like a license to print money
S target property transfer +10% yoy above Bt5.5b from Bt7.5b current backlog, launches upscale projects, The Extro Phayathai-Rangnam, 33 storey 411 units worth Bt4b.
SINGER anticipates big jump this year from contribution of P-loan after grated license from BOT late last year, will debut car loan services, Rod Tum Ngyn, seeks to expand 150 outlets/month to penetrate upcountry and rural area, target 7,000 branches by end of year.
Comment: Now that they have this license, the question will be if they can emulate MTC and SAWAD