Stocks in the news (biz, cbg, ckp, ea, erw, wice) 03.07.24
BIZ signed contract of linear accelerator (LINAC) cancer treatment machine with 2 hospitals combined worth Bt520m.
CBG anticipates 2Q revenue tops 2 year high, supported by larger energy drink market share at 24% 2QTD vs 20% at the beginning of year, wider margin supported by new canning unit, economy of scales, lower raw material costs, eyes 15-20% FY revenue growth target.
Comment: And just 6 months ago people though that this company was going to lose to OSP…..
CKP upbeats 3Q earnings from improved flow rate at Nam Ngum 2 hydro pp, eases pressure on gas-fired cogen power unit as gas price drop.
EA’s in talks with Chinese EV manufacturers, to utilize its excess battery production capacity.
Comment: “Can one of you quickly sign with me, I need to pump my stock price back up, pls pls pls pretty pls”
ERW sets Bt10b over next 6-year to expand budget Hop Inn chain to 150 hotels across APAC from 59, target a fourfold rise in revenue from its budget segment, currently 12% of group sales, by 2030.
Comment: Hop Inn makes sense…their only issue is balance sheet, how quickly can get really get to this number…or will they expand via the franchise model…
WICE keeps 20-25% FY revenue growth target driven by improved freight forwarding traffic on inventories restocking, sees margin continue to expand in 3Q on improved container freight rate, cross border service & air freight boost earnings, will wrap 1 M&A by end of year.
Comment: They are well positioned to benefit…the question is just is the hangover post covid bump over?
peter satrapa-binder
regarding EA, maybe is it rather like: ‘please, please sign with us fast and give us some cash advance on your orders really really soon, we need to pay our debts/interest for those urgently.’