Stocks in the news (bem, chayo, gulf, mtc, sricha) 11.03.24
BEM sees all time high daily MRT riderships in Feb at 550k trips, tollway traffic hit 1.2m trips, rental revenue growth from commercial space +10% yoy, firms on 8-10% FY24 revenue growth target.
CHAYO board approved spin-off plan of subsidiary, Chayo Capital (CCAP), will sell IPO up to 125m shares and list on MAI.
Comment: Finally, group needs the capital.
GULF and its 3 partners, KTB, ADVANC, and OR, to apply for a virtual banking license, with KTB the major shareholder.
Comment: This virtual banking license process is a joke, it’s just an absolute f’ing joke
MTC: reported 3 tranches of bond, paying 4.3-4.95% p.a. total Bt4b fully subscribed, eyes 20% FY24 loan growth target, NPL < 3.2%.
Comment: Not an issue for MTC, SAWAD on the other hand…
SRICHA wins new project from jv of PETROFAC-SAMSUNG-SAIPEM to install piping-work, equipment installation, fireproof & scaffolding for TOP’s Clean Fuel project (CFP) valued at Bt3.26b.
Comment: Too far down the chain for me to consider…but a decade ago they did well with decent oil prices.