Stocks in the news (bam, kjl, mono, scn, cho) 05.03.24
BAM sees 2M24 cash collection exceeded Bt3b, firms on Bt20b FY, revamps NPA appraisal process to save time costs, in talk with financial institutions & residential developers to establish distressed asset management JV.
Comment: And what if they perform better than expected? The upside is then taken care of.
KJL signed partnership agreement Schneider Electric to distribute products in TH, joint R&D on EV & AI related products, eyes 10-15% revenue growth target above Bt1.2b.
MONO to introduce AI generated anchors by April for breaking news on its MONO 29 digital TV channel and online platform on a trial basis.
Comment: More and more AI = more profit? (maybe) but = less humans = less demand = dead economy. Which idiot thinks this is the right way to go? Oh yes MONO.
SCN-CHO venture co., issued notification to terminate the purchase & maintenance contract of 489 NGV buses w/ BMTA due to payment delay hence JV had to seek additional working cap financing that led to higher operating costs, the work couldn’t be delivered as planned & fine unfairly imposed.
Comment: CHO seems to have a knack of getting screwed over by the government.