Stocks in the news (ap, asian, tmb, ttb) 11.05.21
AP upbeats 2Q earnings after logged Bt1.4b profit in 1Q +127% yoy thanks to healthy demand for SDH and transfer of ready-to-move in condos, will launch 5 SDH projects total Bt2.66b in 2Q.
Comment: These are impressive figures, there are still developers doing well. Why? Their smaller listed and definitely non-listed competitors are dead.
ASIAN expects full year exports sales growth to US & EU >5% yoy, ramp up ready-meal, frozen fried seafood and pet foods production to capture recovery demand, firms on 10% revenue growth target, margins above 16.11%.
TMB: co.,name chg to TMBThanachart Bank, ticker change to TTB effective today.