Stocks in the news (bafs, ptg, qh, seafco, stgt, tnp, wp) 25.03.21
BAFS expects 8% growth in aviation fuel sales, as daily usage recovers, confident latest acquisition of 7 PP from PDI, 36.4MW worth Bt1.39b, would help boost this year revenue up 32%.
Comment: This acquisition from PDI just shows that the management of BA doesn’t know what it’s doing. But ok, BAFS’s core business is great because it effectively is a monopoly.
PTG adds cannabis-mixed F&B menus at 6 Pun-Thai coffee & 4 coffee world outlets in Bangkok.
Comment: This is becoming ridiculous. But hey with a relative at BJT running the show, why not.
QH targets 3 new launches in hi-end SDH projects total Bt5.3b, aims to purge exiting condo inventories, focus on horizontal projects to shorten completion schedule, firms on Bt9.2b transfer target.
Comment: SDH market is the only one doing well in BKK, and remember the overall market size doesn’t grow, it’s just a change in market share between the players.
SEAFCO sees 1Q turnaround qoq from continuation of projects on absence of long holiday, Bt2b backlog from Forestias & Central Embassy foundation work set to transfer this year, will buy envelopes for Pink & Orange line extension in April, target to win contract this year >Bt2b.
Comment: They keep winning and winning and winning.
STGT mulls revising up FY22 earnings from pend-up demand for rubber gloves as 3rd wave of Covid spreads accelerated in Europe.
TNP reaffirms record high profit 1Q21 driven by strong grocery sales supported by shopping subsidy & cash handout stimulus, sees momentum carry thru 2Q from remedy package.
WP sets 780K-800K ton LPG sales targets this year, rising 30-40K ton from last year, seeks board approval for new biz, solar rooftop and pressure containers repairing plant, as well as jumping into food-related hemp business.
Comment: Another one? Ridiculous. The positive from all this I presume is that we will have cheap hemp in the future.