Stocks in the news (bker, ally, dod, itel, sonic, tkn, thani) 09.02.21
BKER: name changed to ALLY Leasehold REIT, ticker changed to ALLY effective today
DOD is to enter cannabis business full stream, to seek permit to set up plant to extract cannabidiol for domestic and export.
Comment: Perhaps its time to revisit my previous cannabis dream post. https://www.thaicapitalist.com/that-sweet-weed/
ITEL signs a Bt78m procurement contract for IP microwave radio sets with Royal Thai Army, lifts backlog above Bt4.3b.
Comment: After the initial 3-4 years of this military government just giving projects to SKY, it looks like the other players have finally figured out which lobbyists to use.
SONIC branches out from freight forwarder & shipping services to heavy-duty transport vehicles hire-purchase, aiming to capitalize on existing partner & network, target 20% revenue growth this year.
Comment: Looks like everyone wants to get into the financing game.
TKN denied major shareholder was selling share to US snack producer, insisted in keeping 50% stake and will continue to seek business partner to aid expansion.
Comment: Noise noise noise, not happening.
THANI logged Bt2b hire-purchase lending in January, sees NPL under control below 4%, target loanbook topped Bt50b by end of year.