Stocks in the news (ba, bay, bgrim, cpn, ea, gpsc, bcpg, ilink, ivl, m, ori, spcg) 09.10.19
BA may pay special dividend in 3Q, having booked extra gains, yet operation remained sluggish from higher competitions and strong THB.
BAY revamps app, U-Choose, to accommodate digital lending, online deposit and e-market place, kick-off services on November.
BGRIM reassures solid 4Q from absence of maintenance shutdown and additional capacity from 3 solar projects combined 692mw, lifted total to 46 projects 2,892mw, 4.8mw waste powerplants on track to cod in December, firms on 15% revenue growth target above Bt42b.
Comment: Perhaps the best independent player listed in Thailand, yes yes GULF is independent too…and if you believe that then perhaps pigs fly.
CPN to sell assets combined worth Bt10-20b into REIT before year end.
Comment: This group is going full on in using the capital markets. The REIT story is well known, CRC going public.
Energy Ministry plans to revamp benefits package for EV makers, suppliers and buyers, expects to roll out measures before end of year positive EA, GPSC, BCPG.
Comment: The fact remains that the technology for car batteries today are not good enough for the heat in SE Asia…
FSMART in deal with GRAMMY, allowing customers to download GRAMMY’s songs at its top-up machines.
ILINK consortium wins underground wiring contract worth Bt375m.
Comment: And another one.
IVL to issue Bt15b subordinated perpetual debentures, 5% yield for 1st 5 years, during November 4-7.
M sees SSSG picking up 4Q on seasonal, boosted by government cash handout scheme and contribution from recently acquired Laemcharoen Seafood, in talk M&A food chains restaurant, expects to wrap up 1H20.
Comment: Now I hope that they are better than CENTEL at acquiring restaurant chains and continuing their performance…
ORI reports 3Q presales at Bt10.188b, boosting 9M19 to 23.148b or 83% of whole year target.
Comment: As with all the property players, the evidence will come during the transfer period.
SPCG allots Bt3b capex to expand solar rooftop hire-purchase business, target 100mw in FY20.