Stocks in the news (asw, bgc, ivl, major, plat ptg, wice, uniq) 21.06.21
ASW in deal with Bitkub to exchange crypto currency into THB for housing purchase, firms on Bt5b revenue target this year, with 2 new projects ready to transfer in 2H worth Bt3.9b, target 4 new launches worth Bt7.4b.
Comment: Non impact, it just shifts the responsibility for exchange the BTC to THB from the buyer to the seller.
BGC anticipates 2H turnaround on higher bottle sales volume from recovery consumption on easing Covid restrictions, aims to raise export sales to 15-20% of total revenue by FY25, eyes 10% revenue growth target this year.
Comment: I look forward to reading announcements from this group regarding stupid corporate moves.
IVL in exclusive negotiation with Ultrapar S.A for possible purchase of integrated surfactants producer in Brazil, Oxiteno, expects to wrap up within coming weeks.
Comment: And the fear of a re-cap hit the share price last week.
MAJOR said FAST9, No time to die, Suicide Squad, Jungle Cruise and Venom making its way to box office in 3Q, expects solid turnaround.
Comment: There’s only 1 movie I care about, get me Top Gun 2 and I’m in the theatre!
PLAT: local fund, BBLAM, cuts holding by 0.0687% to 4.9498% of total outstanding on Thursday (June 17).
PTG firms on 8-10% fuel sales volume growth target this year, expects demand grow as people steer away from public transport to mitigate risk from Covid, will add 80-120 stations in 2H, expand EV charging outlets, hemps shop, will list palm complex subsidiary, Atlas Energy, next year.
Comment: They’re trying their best to pump the share price with the news flow, can’t hide the fact that their margins are going to be hurt from the increase in oil prices.
WICE mulls revise up FY21 revenue growth target from better than expected revenue from shipping on improved exports.
UNIQ wins Bt10.5b Donmuang-Navanakorn Thai-Chinese hi-speed train section, signing in one month.