Stocks in the news (bcpg, ner, ori, jwd, prapat, scb, sprc, u, uba, uobhk) 07.12.22
BCPG’s planning to build Asia’s largest wind farm in Laos, 600MW, in coop with PowerChina International, to COD in 2025.
NER seeks board approval for its 3-year business plan, including Bt500K tons sales and Bt30b revenue target, Bt400m capex for expansion in 3 new plants in Northeastern, targeting 1.1m ton/year capacity.
Comment: Their margins have actually held up quite well.
ORI & JWD launched Bt1.45b 56k sq.m. warehouse projects, developed with Tokyu Land Asia, ALPHA Rangsit, on Phaholyothin road km 33 to capture demand for last mile transport, signed long term lease with SCG Home Retail as the first tenant, target cod 2Q23.
Comment: ORI is able to their hands in every core aspect of the real estate business, impressive.
PRAPAT upbeats outlook on surged demand for sanitation chemical products from tourism sector, sees strong operation from Mr.Pool cleaning & treatment service business, eyes 10% revenue growth next year.
SCB raises both deposit and lending rates from December 7. Fixed deposit to rise by max 0.45%, while lending by 0.125-0.25%.
Comment: Watch the language, “max”
SPRC acquires Chevron Lubricants (TH) & Thai Petroleum Pipeline from Chevron APAC Holding to expand vertical to pipeline transport, fuel & petroleum business.
U: co.,name changed to Rabbit Holding Pcl, ticker changed to RABBIT effective today.
Comment: Ahaaa, and now are we going to see the insurance business pumped into this entity as well?
UBA: water and environmental management solutions, Utility Business Alliance, debuts IPO 170m shares at Bt1.7/share, Capital One Partner leads.
Comment: Great pump
UOBHK completed acquisition of retail securities business and capital market products from Asia Wealth Sec (AWS) on December 6, after AWS’ business were halted by the SEC in relation to MORE fiasco.
Comment: That’s a quick move.