Stocks in the news (ascend, bgrim, kwm, ner, nsl, pttep, thai, winmed) 07.12.21
Ascend Money, a digital payment and financial service unicorn of CP Group’s online business arm Ascend Group, has set its sights on becoming a top three player in the segment within Asean and is looking to expand its foothold in South Asia.
Comment: They will look to go public at one point.
BGRIM to enter talks with UAE and Saudi Arabia for 100MW and 30MW solar PP in Jan, mulls windfarm PP in Croatia with 20-25MW capacity.
KWM in talk Siam Kubota to supply OEM agricultural peripheral equipment for farm tractor, finalizes contract 1Q22, hemp extraction machine to fuel growth, eyes 10-15% revenue growth next year.
NER cattle latex slanted mattress production plant capacity 280k sheets p.a. to cod Feb 22, will distribute under CattleFlex brand to 13 countries in 1st phase, aims to reduce earnings volatility from rubber sales & boost margins.
Comment: As long as they can book these massive margins the share price will remain elevated, when it turns look out below.
NSL launched instant congee & fermented fish sauce products, seeks to branch out from bakery to ready meal & seasoning segments, will penetrate via 7-11, Lotus & modern trade channel, sees upside potential from 7-11 in Cambodia.
PTTEP to enter in a 25% jv in onshore exploration in Area-C in the Middle-East by end of year, high potential for gas and condensate.
Comment: C’mon PTTEP, you’ve been a dog in my holdings.
THAI resumes BKK-Sydney route, 3 flights/week, starts today.
Comment: All I can think of is increase in demand for jet fuel.
WINMED reports ATK test kit under its brands Joysbio & Lituo able to detect Omicron.
Comment: Isn’t it incredible how quickly all these tests can detect a brand new variant?