ASK announced RO 175.95m shares 2:1 at Bt17/shares for existing holders, XR April 27.

Comment: Wow, thats quite substantial, this explains the stock dropping today by ~10%. Then again post recap, it’ll have a cleaner balance sheet, able to expand etc etc, same story different co.

BGRIM sets EBITDA margin target at >30% this year, from 29% last year, on >900MW added capacity, sets 45-50b capex.

CPN sees lesser impact yoy from improved traffic at malls, lower pressure on rental rates, target 10% CAGR over next 5 years, mulls M&A to boost inorganic growth.

MBK’s 1.559m new shares from warrant exercise of (MBK-W1) 1:1 at Bt3/share tradable tomorrow (Feb 23).

Comment: New shares hitting the market => supply up, is there demand there to pick it up?

MINT’s 9.262m new shares from warrant exercise (MINT-W6 1:1.027 at Bt41.878/share total 20,800 shares & MINT-W7 1:1 at Bt21.6/share total 9.241m) tradable tomorrow.

Comment: See above.

NWR signs 3 new construction contracts total Bt929.51m including underground walkway tunnel adjacent to grand palace , civil construction project for BGRIM Rayong, taxiland & driveways maintenance project for Mae Fah Luang Airport, Chiang Rai.

PTTGC sees revenue growth yoy on global recovery and 10% increased capacity, Bt61b cash on hand for expansion over next 5 years.

SNC target 25% revenue growth FY21 supported by OEM air con parts order from Vietnam & Chinese clients, recurring income from warehouse rental, sets Bt1.44b capex to revamp 4 plants.

STEC signs a Bt6.2b contract for the North building project of the government complex.

Comment: One wonders how this amazing construction company got access to government projects, it’s truly astounding.

STGT reports fire incident at the extension site of rubber gloves production plant in Surat Thani which tests run in early February, no impact on existing production, estimate impact on full year production volume by 200m pieces from the installed capacity at 35,800m piece, fully covered, expects to resume production within 2-3 months, no impact on expansion projects at other locations.

Comment: None event.

TVO sees wider soymeal sales margins FY21 after USDA report stockpile dropped to 3.8mt from 4.8mt in Jan21 from lower than expected output and tight supply from South America due to draught impact.

Comment: They don’t necessarily benefit from the higher soybean price. Higher costs on working capital etc etc.