Stocks in the news (aot, kbank, hana, proud, psl, pttgc) 28.05.24
AOT: Spanish LCC, Iberojet, will begin a weekly flight Madrid-Bangkok (SIA) as its first destination in Asia, start on May 30th, will increase twice-weekly flights in early Oct.
Comment: And you doubt Thailand’s tourism renaissance.
KBANK sees debt service ability of top 50 corporate clients remain strong, discontinued unsecured p-loan to prevent surge in bad assets, primarily focused on asset quality ctrl rather than loan expansion, aims to keep FY NPL below 3.25% , loan growth in range of 3-5%.
Comment: And what about the other couple ’00s customers?
HANA in talk PTT to jointly invest in Wafer production, expects to finalize plan by end of Sept.
PROUD upbeats 2Q earnings from transfer of remaining 49% (Bt1.042b) of Nue Cross Khu Khot Station project, Nue District R9 condo logged 94% pre-sales at Bt6.231b, Bt2b project VEHHA Hua Hin 54% sold worth Bt1.244b and Vi Ari 33% sold (Bt164m), lifts backlog to Bt10.692b.
PSL will bk Bt77m gains from disposal of vessel in 2Q, sees 2H erngs improved HoH on seasonal demand, expects margin con’t to expand as freight rate increase at higher rate than opex.
PTTGC mulls booking Bt9.3b non-cash impairment on PTT Asahi in 2-3Q24, and Bt2.7b bond redemption in 2Q24, while Krungsri Sec said every 10% of impairment to have Bt1.4b – Bt1.6b impact or 25-29% to its FY24 Net profit.
Comment: “mulls booking” you mean the auditor went “hey now, it’s been years….the SEC is coming down on us about this…”