Stocks in the news (bay, prm, rcl, sa, tpch, uac) 30.08.24
BAY’s card unit, Krungsri Consumer, keeps FY card spending target at Bt393b, +8% yoy, new loan at Bt100b, +9% yoy, Bt151b outstanding loan book at end of year.
Comment: And you think there’s not enough demand for loans..
PRM sees demand for floating storage unit accelerate in 3Q, target FY utilization rate within 85-90% range, expects tanker traffic remain strong qoq, firms on Bt8b FY revenue target.
Comment: #’s, cf, profits all great, share price hasn’t reflected it well enough imo.
RCL anticipates freight rate remain high from geopolitical tension, port congestion in multiple locations and container shortage, will decom aged vessels to curb costs.
SA keeps Bt5b FY revenue target, Bt3b out of Bt7.1b ouststanding backlog to realize in 2H, will cod new hotel Cassia Rama 9 BKK in 4Q.
Comment: It needs cash….just like every other property developer.
TPCH mulls listing waste power subsidiary, Siam Power, on MAI in 4Q24, aims to use proceed to expnd solar farm in Laos, solar & wind farm in Cambodia.
Comment: On the cards since they first acquired them back in .. 2017?
UAC reaffirms solid 3Q from Bt370.5m proceed form disposal of 30% holding in BBGI-BI biodiesel back to BBGI, full quarter recognition of 1.5mw Phuphaman pp cod-ed in 2Q, larger RDF production capacity after cod-ed 3rd unit (RDF3).