Stocks in the news (be8, bts, caz, crc, scb, sabuy, wha) 08.09.22
BE8 reassures solid 2H after completed M&A tech integration, X10 IT Resource, Bt713m backlog from corporate transformation projects pending to realize, additional M&A cyber security, Bay Computing (BAYCOM), to complete next year, expects to enhance competitiveness from one-stop digital transformation solution, larger ecosystem.
Comment: The thai tech scene has been boominggggggggg. Though at one point when growth doesn’t increase, usual valuation collapse…
Krungthep Thanakom Co (KT) – the BMA’s business arm – looks set to appeal a court ruling ordering both parties to jointly pay BTS close to Bt12b in overdue debts incurred through the operation and maintenance of Green Line extensions.
Comment: Well look, BTS has a contract, done.
CAZ’s firm on 40% revenue growth this year, supported by Bt3,495m backlog, of which 30-40% will be recognized in 2H, eyes Bt900m new bid, with 60% success rate.
CRC’s Central Department Store to spend Bt15b to expand its retail business during 2023-2027.
Comment: I do wonder what the actual spending would be in Thailand without all these gov stimmies that begun in 2018.
SCB mulls debut crypto exchange platform by mid-September, an upgrade version of SCB Easy Invest, trading & ROBO adviser app.
Comment: Well hellooooooooo, so they went into Bitkub, saw the books and processes, at the same time they hired an IT development team (the same one that developed Bitkub’s system) and boom here we go.
SABUY scraps investment & acquisition of assets in TSR’s subsidiary, Thiensurat Leasing (TSRL), unfavorable from high interest environment caused rethink, said in filing.
Comment: Hmmmmmmmmmmmmmmmmmmmmm
WHA to sign land sale agreement with BYD for its 1st EV plant in ASEAN today.
Comment: The chinese are coming, the chinese are coming! Hoorayyyyyyyyyyyyy – hopefully without a virus this time