Stocks in the news (bem, bgrim, cpf, tfm, stark, all, world) 15.08.24
BEM sees positive profit momentum thru 3Q from continuous ridership growth on Blue line MRT supported by full quarter of the academic year & tourism, tollway traffic remain
Comment: Printing $
BGRIM signed MOU with BKK Industrial Gas (BIG) to study feasibility to replace fossil fuels with green hydrogen for power plant, target net zero carbon by 2050.
CPF vows to sue individuals accusing the co of being involved in the spread of blackchin tilapia, as the fish were strictly quarantined at its farm in Samut Songkram during previous research on the African species.steady at average 1.1m trips/d.
Comment: Despite how much I enjoy $hitting on this company, operationally there is only 1 player that can match CPF in the region, CPF is best in class.
TFM revised up FY GPM to 16-18% from 12-14% previous guidance, thanks to lower raw material costs aquatic feed production higher utilization rate from improve demand.
Trading of STARK, ALL and WORLD, via cash balance account, will be allowed to resume during Aug 23 – Sept 2, before being delisted on Sept 3.
Comment: Let the bodies hit the floor
markus koebler
Just curious, what’s the reason you like to hit on CPF? Thanks
Pon
Average selling prices higher, feed costs lower – this is driving the numbers for all the agri players in Thailand and the region.
markus koebler
Good point, over time moving towards branded products sold via big box retailers should decrease dependence on commodity cycle (and increase valuation multiples). Hope dies last 🙂
Pon
Agri is still cyclical, for thailand, chicken on a 3 year cycle, pork a 5 year cycle.