Stocks in the news (apure, cpanel, dod, lpn, mbk, planb, tfg) 24.01.22
APURE mulls price hike on exports canned sweet corn from higher packaging & transport costs, expects no impact to sales volume as price well below competitors, will begin exports frozen corn & frozen edamame 2H22.
CPANEL sets 25% revenue growth target this year, on 3-5% growth in real estate industry, sets to increase precast concrete by 15%, while Bt1,190m backlog to be realized over next 3 years.
DOD said its unit, Siam Herbal Tech (SHT), will start utilize its CBD powder, with 98% purity, to develop into products and also deliver to its business alliances such as JKN, KISS, BEAUTY, CHAYO, and FN by this month.
Comment: Buriram boys pump machine.
LPN offers promo for 17 projects, targeting Bt2b presales to boost 1Q22 to >3b.
MBK to extend 30-60% rental rate cut for a 3rd year in a row to help tenants cope with the pandemic, sets Bt500m to renovate with MBK MB Cool concept to draw traffics.
Comment: Going around to the shopping malls, tenant change has happened, new ones are coming in.
PLANB’s unit, Global Sport Venture (GSV), team up TH boxing ring, Rajadamnern Stadium, to jointly develop sports destination.
TFG target 20% FY22 revenue growth driven by strong poultry exports volume and higher selling price, contribution from Vietnam operation, sees no impact from ceiling px cap on domestic chicken meat price.
Comment: The key risk for these players is the cost of raw mats…..