Stocks in the news (bgrim, gulf, bfit, intuch, jubile, kbank, scb, bay, ktb, bbl, mk, sgf, spcg, sq, thai) 22.05.20
BGRIM’s expected to get license to import 500-600K tons of LNG per year today, after GULF got their license yesterday to import 1.7m tons.
Comment: A license to print $
BOT fined BFIT Bt3.155m for overcharging for assets appraisal.
Comment: A small fine…how does this prevent firms from playing a fool
INTUCH signs Singapore partner, NinjaVan, to expand logistic & e-commerce in SEA.
JUBILE mulls cutting revenues growth forecast this year from earlier projection of 8-10%, revising branch expansion plan to emphasize more on E-commerce, keeps GPM at 45% and NPM at 12%.
Comment: They’ll have no choice but to…any business this year is just thinking about cash, survival, and think about revenue next year.
KBANK, SCB, BAY and KTB followed BBL in cutting prime lending rates.
Comment: And watch their NIMs continue to decline.
MK: Supalai Property Management raised holding by 4.709% to 5.0292% of total outstanding yesterday, SEC filing
SGF upbeats 2Q earnings after branch out from hire-purchase and P-loan to car title loan, aims to utilize benefits from existing client base
SPCG made Bt580m 2nd payment in Ukujima solar farm PP with 480MW capacity.
SQ reaffirms solid 2Q from cod of Mae-Moh 8 mining operation, boosts from O&M contract from CKP, Bt26b backlog to realize over next 8 yrs.
Comment: SQ’s quarterly #s were always going to be lumpy.
Vayupak Fund to buy 69m share THAI @ Bt4 from Fin Min, while SET warns investors to be extremely careful in trading in THAI.
Comment: Left pocket right pocket. It’ll be amusing to see THAI suspended from trading and delisted….