Stocks in the news (bbl, ptg, scgp, snnp) 11.04.24
3BBIF said BBL has accepted for consideration adjusting interest rate and extending payment terms, while ADVANC is confident downtrend in interest rate is helping the case.
Comment: I have read, from people far smarter than I am, that the US Fed will cut rates in July & Sept – purely for optics…and if that’s the case…market go up.
PTG to push Maxbit to become #2 in digital asset trades, targeting 350K members by end of year, with 9-10% market shares.
Comment: Really? Hmmm another funny pump name? But they do have….the millions of members from their PT Max Cards…why not…
SCGP may report 29% 1Q profit growth, boosted by packaging and pulp demand growth in TH, Vietnam, Indonesia and Philippines, Tabloid.
Comment: Pulp prices are still rather elevated…but there’s a lot of supply coming online from Brazil and Indonesia this year…it’s an industry I do not know well.
SNNP reaffirms 10% revenue growth target this year, sees strong drink and snack sales during Songkran , while new Jele, fiber and Kombucha Tea, to support sale growth.
Comment: That’s a very low target…