Stocks in the news (apco, dusit, epg, jmart, ptt, sithai, sky, stark) 24.04.23
APCO mulls expanding anti-aging supplements product portfolio to capture growing aging society, eyes 30-50% FY revenue growth target.
Comment: How is this MLM company still going?
DUSIT’s official cod of hi-end project, Dusit Suites Athens, features 36 suites nearby Glyfada beach, first branded property in Europe.
Comment: Russians and Ukrainians are going to buy this up.
EPG t/g 5% FY sales growth, margin widen to 30-33% range driven by lower chem price & freight costs, recovery sales vol of Aeroflex heat insulators & air duct, after market auto parts and contribution from plastic packaging unit (EPP)
JMART: company name changed to Jaymart Group Holding, ticker remains unchanged effective today.
Comment: And that makes the bottom?
PTT formed a JV with a unit of ORI, One District Rayong 2, to operate real estate development business.
Comment: I’m impressed by ORI’s ability to survive and still somehow “grow”. Question marks on revenues as I’ve heard several rumours (the usual, owner bought the units, or financed them off the books privately), but let’s see.
SITHAI reaffirms solid 2Q from robust demand for foods packaging, screw cap & bottles, t/g rec high revenue above Bt10b.
SKY teams up with MTI to offer travel and accident insurance on the Sawasdee by AoT app. AOT hires SKY, on a 10-tr deal, to manage its aviation service systems, including development of Sawasdee by AoT app.
Comment: They’re just going to mint money, look at the shareholder base, crony capitalism has entered into stocks very well in the past decade.
STARK’s credit rating downgraded to BB- from BBB+, keep negative outlook at TRIS rating, as it did not clearly explain what has gone wrong, entire change of BOD shows severe problem, postponement of FS submission raises questions about credibility of its past FS.
Comment: How could the rating only be lowered to BB-? C’mon TRIS, it’s an F.