Stocks in the news (be8, cho, crc, ner, solar, xpg) 03.12.21
BE8 secured Bt100m contract from Thailand Post for software installation and consulting on digital transformation.
Comment: Software is eating Thailand.
CHO to complete transformation to tech company next year, sees turnaround next year, supported by EV taxi.
Comment: Wait what?
CRC is set to spend Bt4.5b to purchase the majority of shares of Porto Worldwide, which has a 40% stake in Grab’s business in Thailand.
Comment: And the group is going after selfridge’s done and done.
NER sees rubber price to remain high next year, boosted by demand from auto makers, sets 500K ton sales target next year for Bt28b revenue, to book Bt500m revenue from rubber floormat, sets Bt240m capex for solar-roof and downstream R&D.
SOLAR sees turnaround next year on cost cutting and restructuring, sets Bt1,000m revenue target on plant reopening and new innovation.
Comment: I thought this company was defunct.
XPG in collaboration with Siam Piwat, retail giant, to develop ecosystem for retail and digital assets.
Comment: XPG vs Bitkub vs JMART Group.