ASIAN

ASIAN reaffirms big jump 1Q from strong premium pet food exports aft team up with German partner, Happy Pet, to expand mkt in Europe.

CPN

CPN in talk to renew lease contracts with 2 key clients, ZEN and Isetan dept store, before expiry in 1Q&3Q19, upbeat prospect from higher rental rev and L/T cash flows under new contracts, will book full qtr contribution of Central Phuket Floresta & GLAND from 1Q19.

Comment: CPN’s bargaining power is ridiculously strong

EA

EA launches Bt1b electric ferries, expecting the 1st batch of 20 to ply the Chao Phraya River by eoy, with total 54 by eo-2020.

Comment: And that explains the 5-10% move in the share price over the past week

MC

MC reports Bt190m 2Q ending Dec 18, -4% yoy, topped Bt118m consensus.

Comment: Still falling…

HMPRO

HMPRO sets Bt100m capex to revamp 3 branches, Ekamai-Ramindra, Ratchpreuk, MagaBangna, to boost private brand to 25% of total.

III

III’s board gave greenlight to buy 50% stake in Around Logistics HK for Bt511.3m to expand regionally.

Comment: A WICE part 2?

IRPC

IRPC expects profit normalize 1Q after hit by Bt4.7b stock losses in 4Q18, pays Bt0.09 dps XD Feb 26, board approves 20% acquisition in graphene producer, 2D Material Spore, for Bt46.62m, aims to add value to existing polymer chains.

GBX

Yuanta (TH) to takeover local broker, Globlex Securities (GBX), Tabloid.

Comment: Boom +20% today for GBX, what would you pay for a broker?

PRM

PRM t/g 10-15% rev growth driven by strong chem transport traffic, will take delivery of 6 new vessels this yr (5 PRM & 1 for subsidiary unit Big Sea), to raise holding in Big Sea from 70% to 80% upcoming board meeting on Feb 22,

SF

SF sets Bt1b capex to facelift Market Place Thonglor to be mixed-use complex, in talk tenant to extend Marvel Experience Mega Bangna pj, finalize deal in May, eyes 5% rev growth t/g.

Comment: Same story here, they make a spread (lease the land, develop it, rent the locations out) and until new locations open up there is nothing special going on.