Stocks in the news (bem, hmpro) 12.11.19
BEM: State Railway board to decide fare cut plans for Purple & Blue line MRT on November 19, expects to cut monthly trips ticket fare and off peak fare cut (9am-3:30pm & weekend).
Comment: I have wondered how will the SRT/Bangkok control the prices across the different operators…
HMPRO admits going to miss 5% revenue growth target this year on sluggish economy and that 4Q will remain slow, plans 30th Homepro Expo November 15-24, hoping for Bt500-600m sales.
Comment: And if even the mighty HMPRO fails then what does it say about the consumer spending power?