Stocks in the news (bafs, bec, bem, gulf, jr, ptt) 17.06.22
BAFS signed MOU with sugar & bio-energy producer, Mitr Phol group to joint develop low-carbon aircraft fuel.
BEC allots Bt400m budget to revamp 28.8 acres studio, aims to increase contents production, co-production with partners to expand sales local & overseas.
BEM firms on plan to submit bidding for 13.4km West Orange line MRT (Bang Khun Nont-Thai cultural center) 11 stations on July 27.
Comment: I do wonder how companies are forecasting inflation when bidding for these projects today.
GULF reported disposal of entire investment in wholly-owned subsidiary, Gulf International Investment (GIIL) which invests in Binance’s crypto (BNB coin) to Gulf Holding (TH) total US$50.1m.
Comment: Just a left pocket right pocket transaction
JR upbeats outlook from Bt4.1b backlog from EV charging station& cyber security infra projects pending to realize, will bid underground wiring projects for MRT Yellow & Pink line phase 2 total Bt6b, Bt600m from railway electrical network upgrade and power substation projects, target Bt10b backlog by end of year.
PTT doubles FY22 capex plan to Bt91b from Bt45.5b, focusing on new business, infra, EV, pharma, HVA chemicals; scaling back investment in natural gas & pipeline.
Comment: I have dug into the existing capacity of pipelines in the country, but I hope this will not lead Thailand down the same route as Germany or other countries that do not have consistent energy supply