Stocks in the news (bbl, ep, imh, or, rbf, snnp, stark, thai, tta) 01.03.22
BBL: SSO cuts holding by 0.1047% to 4.9202% of total outstanding on Feb 23
Comment: Silly – banks are going to rock and roll with their EPS figures for the next 12 months.
EP’s 160mw wind farm projects in Vietnam on track to cod by eo-1Q, in talk partners to invest in 1,500mw gas-fired pp in VN, will finalize plan this year.
IMH acquires 4.8 acres land adjacent to BTS Bearing station, planning to develop 600 beds hospital, projects value total Bt5b, will spin-off subsidiary, Prachapat Hospital, on SET by end of year, pays Bt 0.9, XD Mar 18.
OR sets Bt200b 10 year capex to boost EBITDA to Bt40b, on 4 new business and jv, both domestic and abroad.
RBF reports 2M22 sales +12% yoy, allots Bt266m budget to establish food ingredients plant in Indonesia & rep office in India to expand overseas sales, will delivery 1st batch of hemp production to clients in March.
Comment: Are they worried about their share price performance? Haven’t seen them report 2M figures since they listed. Regardless great core business, and a winner in the cannabis game.
SNNP’s Indonesia 85:15 jv unit, SNNP International, to cod jelly snacks & beverage production 4Q22, to capitalize on 270m populations, eyes new S-Curve over next 2 years, pays Bt0.14, XD Apr 28.
STARK sets Bt30b revenue target this year, on plans to expand EV related business, and rising demands for high quality wire and cable products.
Comment: Oh hello monopoly, the winner in the re-electrification game for the region.
THAI posted a Bt55.11b net profit last year on Bt81.52b in revenue from one-time transactions, mainly asset sales, and a Bt19.70b operating loss.
Comment: Isn’t accounting amazing? You can make any figure you want if you understand the rules of the game.
TTA & Chao Phraya Express Boat consortium cod electric boat service from Sriboonruang Bangkaphi – Minburi total 12 stations.
Comment: The chao phraya group has been a monopoly on the river for a long time. No reason for it, not due to quality of service, just because…