Stocks in the news (bam, bts, hmpro, rml) 09.11.20
BAM may report strong 3Q at Bt1.76b, +100% yoy, and may book Bt1b gains from asset sales in 4Q, Tabloid.
Comment: Highly possible given that nothing really happened in 2Q20
BTS’s Bt8.6b green bond were 3.3X oversubscribed.
Comment: Going down the ESG route.
HMPRO sees less than 20% drop in profit this year, plans one new branch opening this month, sees momentum in 4Q from Bt30K shopping tax break scheme and Homepro Expo during November 13-22.
RML to launch promotion on Lazada’s 11.11, offering Bt200K discount during November 11-30.
Comment: That doesn’t help much. These next 3 months are crucial for the RE developers.