Stocks in the news (bka, cpf, singer, siri, tfm, wge) 22.04.25
BKA: home renovation services & second-hand home agent, Bangkok Asset Intergroup, debut IPO 60m shares at Bt1.8 apiece, Beyond Securities leads.
Comment: Could the IPO fever come back? This one popped well and held the price.
CPF acquires 23.8% of C.P. Pokphand (CPP) for $1.1b from Itochu, lifts holding to 100% of the holding co., acquisition will result in an increase in CPF’s net profit from investment in CPP (feed-farm-food), greater flexibility in management & carry out strategic operation more effectively.
Comment: I don’t know how to look at this. Positive for CP? Better for the Japanese?
SINGER anticipates big jump 2Q driven by robust air condition sales during summer season, eased interest burden aft paid final tranch of CD valued at Bt1.7b.
Comment: What if …. the whole group begins to surprise.
SIRI reported 1Q residential project sold +25% yoy above Bt15b, lifts backlog to Bt20b, maintain 2Q launch plan total 7 projects worth Bt15.2b.
TFM: holders approved par split from Bt2 to 1/share, effective Apr 24.
Comment: Historically this would move the market as retail gets active…but that trend seems to have disappeared
WGE reported 3 construction contracts from Central Pattana Residence, Rhom Pho Property and Vacation Island combined worth Bt1.85b.