Stocks in the news (aot, ivl, siri, tacc, thai, thcom) 30.10.20
AOT: expects loss continue next year as pandemic erodes passenger arrival, sees average month to date domestic passenger traffic back to normal above 100kpd but international arrivals remained low 700 passenger/day, CEO.
IVL: completed acquisition of PET recycling plant in Poland, IMP Polowat.
Comment: Cookie munster continues. Now when their spread cycle returns to the +ve don’t be surprised if in 5-6 years from now the next share price high will be
SIRI: targets new launch 7 SDH projects total Bt9.7b in November.
TACC: reaffirms big jump 4Q from positive feedback of new product, Hojicha Latte, launched yesterday at All Café n’ 7-11 nationwide.
THAI: reports 5k staffs have applied for early retirement prog as concerns mount over ability to reduce costs to match revenue.
Comment: Why doesn’t THAI just do a clawback on the Board/Management salaries for being so incompetent in addition to this. Impossible? Goldman Sach’s is doing it now after the 1MDB decision.
THCOM: Gilat Satellite Network successfully carries 5G traffic over Thaicom’s satellite.