Stocks in the news (atp30, gift, iig, jkn, m, nusa, sa, sflex, tkn, wha) 12.07.23
ATP30 in talk RP to provide tourists shuttle services for travelers visiting Samui Island via ferry, seeks to branch out from factory clients in industrial estates to tourism sector to expand coverage, balance revenue mix.
GIFT: par changed to Bt0.5 form Bt1, co., name changed to Gift Infinite, ticker remains unchanged, effective today.
Comment: No more retail punt for the stock split game in Thailand…
IIG in JV with VMO Holdings, a Vietnam tech giant, to expand in Asean, sets Bt1.4b revenue target, +40%.
Comment: This news had already been well-telegraphed into the market.
JKN unveils Superstar Marketing strategy to boost brand awareness for Anne Brand, in collaboration with Miss Universe Thailand and City Director for 24HR shopping via all platforms, target Bt300m commerce revenue this year.
M maintains 15-20% full year SSSG across restaurant franchises from robust dine-in traffic, expects wider margin 2H from lower raw material & electricity costs, firms on 15% full year revenue growth target.
Comment: Still one of the best run F&B operators in the country.
SET’s warning investors to study NUSA investment info carefully after its auditor raised an issue about the complexity of the structure of a hotel NUSA intended to buy, as well as its biz licence in Germany.
Comment: The SET should just come out and say “NUSA is a POS and we’re embarrassed that it is still a plc”
SA opens 1st mixed use project in Ramindra, Landmark at Grand Station”, in collaboration with Cassia Residences, under Banyan Tree brand.
SFLEX expects to complete transaction of 25% share purchase of Vietnam packaging co., Star Print Vietnam Joint Stock Co., by end of 3Q, soft packaging venture with TU (Thai Union Graphics) for ready to eat products on track to begin operation next year.
TKN adds 10 SKUs of new seaweed snacks & 2-3 SKUs of Just Drink milk tea to boost sales, keeps 15% full year sales growth target.
WHA upbeats 2H outlook from LOI on hand of 400 acres land sales to industrial clients, will wrap 2 deals (120 acres land sales in Vietnam estates & 80 acres to EV client) by end of 3Q, expects full year land sales topped 800 acres from 700 acres current target.
Comment: A quality run IE player…that does well outside of Thailand.