Stocks in the news (atp30, inset, mtc, sa, sisb, tfg) 15.01.25
ATP30 anticipates wider margin yoy after replaced shuttle fleets to EV, mulls adding 35 units this year from current 13 e-bus, firms on 10% FY24 revenue growth target.
INSET’s in the midst of submitting 2-3 bids for data center construction, hoping to secure continuous projects from large clients over 5-10 years, eyes infra and telco projects bids, firms on 5-10% revenue growth target this year.
MTC sets 10-15% loan growth target, 600 new branches, keeps NPL below 3%, sees better loan quality on Government’s proactive household debt restructuring.
Comment: Easiest name to trade…their customers are always saved by the government stimulus.
SA said its management shares that pledged as collateral for margin account accounting for only 15% of total paid up, considered insignificant and won’t have any impact on the company.
Comment: I don’t view an owner margin lending their shares for whatever else as necessarily a bad thing in today’s highly financialised environment. And the fearmongering around this at the moment is a bit ridiculous…
SISB expects total enrolment topped 5k students this year from 4,600 at end of 2024, sees new admission from China surge after expand network in China to 20 agents, additional capacity of 600 seats each at SISB Pracha Uthit & SISB Thonburi to support growth.
Comment: Even this name is not safe from the margin call rumours. Granted there was a downgrade from one of the larger local brokers yesterday.
TFG eyes 10-15% FY25 revenue growth target >Bt70b driven by downstream expansion, mulls adding 200 branches of retail unit (Thai Fresh Food Market) from 400 outlets at end of FY24, aims to increase proportion of retail revenue from current 35%, additional 50ktpa capacity from Vietnam plant from 100ktpa at end of FY24, improved poultry & swine selling price, lower feedmill costs yoy, larger chicken exports vol on the back of outbreak overseas bolster earning.
Comment: That’s a massive expansion drive by TFG. Perhaps I’ll have to expand my regional chicken & pig co’s to become CP Group, Japfa Group and now TFG.
peter satrapa-binder
SA & owner margin lending: well, if the owner had to do a forced sale and the stock drops quite a lot because of this, it’s surely not a good experience for existing small shareholders – as seen with RS lately or with YGG before that. of course, on the other hand it may be a very good opportunity to snap up the shares in question cheaply if the company itself is ok.