Stocks in the news (ba, bgrim, coman, kbank, spvi, thai, true) 08.05.19
BA has named South Korea’s Lotte as its partner to vie for concessions to operate duty-free shops at BKK’s main airport and 3 regional ones.
Comment: Lotte has been vying for a spot in Thailands duty free market for years just look @ the mall they invested in next to RCA
BGRIM sees erngs bottom out 1Q frm 20days m/t shutdown 3 pp (ABP1-3) and fuel costs, m/t 697mw full yr cod t/g, 677 mw VN solar to cod in Jun, 15 mw Laos hydro pp and 5 waster power to cod in 2H, firms on 2,897mw by eoy, in talk to buy 80% stake in 36mw windfarm in Korea t/g cod FY21, expts to wrap up w/in 1H.
Comment: There’s still a lot out there for BGRIM to win
COMAN branches out frm hotel software to hotel mgt solutions, aiming to capitalize advantage frm 920 clients on hand, eyes 20% rev grwth t/g.
KBANK’s granted license to operate in VN, will open full scale branch in Ho Chi Minh in 1Q20.
SPVI sees improved rev mix aft branch out frm handset sales to ntwrk solutions, expts 2Q rcvr ntwrk pj for schools, rev frm AIS shop and Apple store expansion in Uni, reassures 10% rev grwth t/g.
THAI to seek Cabinet approval for acquiring 38 new planes at Bt156b.
Comment: again I wonder about how this company is ging to p
True Move H Universal Communication, a unit of TRUE, is the 1st to agree to buy a new 700-MHz licence under Section 44 in exchange for a 5-yr extension of payment terms for the 900MHz spectrum auction in 2015.
Comment: So they do not have the capital and yet are able to purchase more spectrum and are allowed to do so…. Oh why not