Stocks in the news (aura, banpu, bbl, medeze, samart, tta) 17.01.25
AURA upbeats 1Q earnings from robust sales of gold jewellery ahead of CNY, expects positive momentum continue thru valentines in Feb, sees growth from gold for cash biz as banks stringent on credit approval.
Comment: It’s the financing arm of AURA that is fantastic….
BANPU anticipates solid 1Q supported by strong natural gas price, keeps focus on expanding renewable portfolio to balance rev mixed.
BBL sets 3-5% loan growth target, on 3% GDP forecast, <3.4% NPL, sees growth opportunity in ASEAN.
Comment: That means their real view of GDP growth is +2-3.5%
MEDEZE signed MOU with IFCG Lifestyle Wealth Partner to expand agents and marketing stem cell banking service & treatments.
SAMART sets Bt13.5b 2025 revenue growth target, +30% yoy, focusing on IT and aviation, mulls Bt20b new bids, boosting backlog to Bt35.9b, mulls new business include carbon credit.
Comment: Can SAMART regain it’s political power with T and friends back?
TTA announced final term for RO, will sell 911.232m shares to existing holders at ratio 2:1 at Bt 5.4 (3.3% premium to previous close price at Bt 4.84), sub from Apr 3 – 10.
Comment: I just find this company to be ridiculously poorly managed.
Paul Renaud
The SET remains in a bear market…in good part for lack of meaningful reforms….a prime example is the lack of transparency on how margin accounts are enforced.
In the long and recent past there is lots of history here -of this mismanaged; as so called margin-maintenance rules seem not strictly followed!
Daily, so called “mark-to-market” is critical -as are margin-calls and if not met, for any reason (!), (this so by depositing new cash or more margin-able securities), a “force sell” must be executed. This Even so if the client cannot be contacted, or does not respond.
Until this/the above is well adhered by Thai regulators & brokers, margin-buying here will remain a real contentious issue and may even in time bankrupt some brokers? As already happened in the 1970’s here -and then, yet again, in the late 1998’s., just post the horrific Asian Financial crisis.
So they, the brokers & regulators and Central Bank (i.e. BOT), should ask themselves: do you really want to go through all that again. Deja vu all over again.
Pon
You’re right. Head banging against the wall times.