Stocks in the news (bem, centel, crc, ncl, planb, tli) 21.11.22
BEM: expects daily average MRT ridership jumps from 300k to 500k trips/day during TH Red Cross fair at Lumpini Park during Dec 8-18.
Comment: And the fact that people are back in the offices even though the wuflu is still going around.
CENTEL: sets Bt 6b capex for hotel, F&B and M&A.
Comment: This is the benefit of going into covid with a cash strong, debt light balance sheet….they’re just going to conquer.
CRC: sets Bt1.2b capex for Robinson Lifestyle, its 27th branch in Rajapreuk area, to cater for high-spending shoppers.
Comment: See above.
NCL: scraps plan to buy stake in Asia Wealth Sec, after the latter was suspended from all business last week by the SEC for its involvement in MORE.
Comment: Asia Wealth management and board should be taken out back and shot, they acted like FTX, they used customer funds for other purposes.
PLANB: anticipates FY revenue exceed Bt 5.8b target supported by improve spending on OOH media, higher utilization rate on digital display, tailwind from marketing campaign from luxury brands on seasonal.
TLI: will be added in FTSE Mid Cap index upcoming rebalance effective at the close of December 16.
Comment: The only q for the insurance industry is, will domestic rates in TH go up?