Stocks in the news (bcp, egco, hmpro, lts, medeze, mitsib, ptc, rjh, sav, tisco, thg) 15.10.24
BCP to collect a large amount of used cooking oil for use as a raw mat for its commercial production of sustainable aviation fuel (SAF) next year.
EGCO expects its share purchase of US-based Apex Clean Energy Hld to increase its renewable power proportion to 30% by 2030 as it seeks to promote clean energy.
HMPRO is expected to report weak earnings in 3Q from weak SSSG on seasonal and unfavorable climate; 4Q to recover from home repairing demand post rain season, tailwind from cash handout stimulus, improved demand for decorative products.
Comment: That would be stunning if HMPRO continues to have a -ve SSSG for the FY.
LTS wins procurement contract from CMKL university TH (Carnegie Mellon & King Mongkut Institute of Technology Ladkrabang (KMITL) to supply AI, data storage service and GPU NVIDIA under a 3 year contract valued at Bt 230m, to realize earnings from 4Q24.
MEDEZE: stem cells & cord blood banking and regenerative medicine services provider, Medeze Group, debut IPO 265m shares at Bt9 apiece, Yuanta leads.
Comment: What a pump! Not surprised given the attractiveness of the business but…but…just google cordlife in singapore. It’s a risk. And this is business model comes across rather scammy imo.
MITSIB sees 2H turnaround from surged loan growth from e-taxi hire-purchase, tailwind from solar roof financing, mulls tap in EV partners to fill demand from taxi drivers.
PTC wins contract renewal from OR for fuel depot service in Nam Phong, Khon Kaen province for another 3 years effective Oct 1, 2024 till Sept 30, 2027 with option to extend twice more.
RJH announced buyback, up to 18m shares (6% of paid-up) under Bt420m budget, starts from Nov 15, 2024 till Jan 24, 2025.
Comment: That’s odd….but it is the one of the leading hospitals in Khon Kaen, and they’re expanding. So…let’s see.
SAV anticipates earnings accelerated in 2H driven by surged ATC rev thru 6 airports in Cambodia supported by additional flights from Air Asia, 2 new airports cod in 4Q24 & 1Q25 ( Dara Sakor airport in Koh Kong and Techo Int’l airport that will replace Phonom Penh Int’l airport as main aviation hub).
TISCO: 3Q due today, Bt 1.695b consensus.
THG to sell 3.33% of RJH (10m shares) at Bt21/share to private investor (Chaiyasith Viriyamettakul), transaction to completed within Oct 18, THG will hold 1.83% post transaction.
Comment: THG is such an oddly owned/management hospital group.
Peter Satrapa-Binder
Medeze: interesting stock albeit maybe a little bit overpriced (less so now than before, though). Sure, cordlife in SG is the big competitor but what makes you remark ‘scammy’ regarding medeze? Just curious…
Pon
Cordlife had a major hiccup with one of their facilities in singapore.
This business model is praying upon the fear in humans minds. I find that scammy – “you need to put your kids DNA here or else he will DIEEEEEEEEEEEE’
As a parent and having to look through all these packages we are being sold in the country…I just get annoyed.
peter satrapa-binder
ok, understood – so you mean that from your point of view the business itself seems to be somewhat scammy, not especially medeze being a scammy company, right?
thx for clarifying that.
Pon
Yes – I wrote that the “business model comes across rather scammy”
Not that the company/management were a bunch of scamming pump and dumpers like SABUY was in the past