Stocks in the news (blc, ck, cpnreit, gulf, pr9, sabuy, tera) 24.04.24
BLC’s unit, Bangkok Drug, wins license from Japan partner, Nichi-Iko Pharmaceutical, to solely distribute its generic pharmaceutical products in TH, expects sales jump from good products at affordable price.
Comment: Should be worth our time to investigate.
CK firms on plan to participate auction of 5 dual-rail projects total Bt128b this year.
CPNREIT to raise up to $31m in a PP and up to $278m via preferential public offering to eligible existing unit holders, at 2.8%-6.5% discount to Tue’s closing price of Bt10.7, to be used to invest in the Central Pinklao Project and pay for rental fee of the Central Rama 2 Project, among other things.
Comment: This is amusing to observe…as I was laughed at for a while for never owning CPNREIT…never understood the point of investing in a listed leasehold…
GULF’s waste power unit, GWTE, jointly invest with ETC & BWG to develop 10 industrial waste to energy project combined 80mw and 3 solid recovered fuel (SRF) production facilities, total Bt17.6b.
Comment: BWG….on paper it’s a great play, in reality it’s a POS – not a surprise to see GULF and BWG work together
PR9: local fund, KSAM, cuts holding by 0.0949% to 4.9826% on Apr 22.
SABUY: top holder & founder, Chookiat Rujanapornpaje, cuts holding by 0.777% to 14.9464% on Apr 10.
Comment: Go and string him by his testicles – or if you actually bought and still hold these shares you’re a fool – or someone provide me with the bull case, happy to be proven wrong…
TERA: IT solutions provider, Terabyte Plus, debuts, 90m shares at Bt1.75 apiece, CGS International Securities & Beyond Securities joint leads.
Comment: What a pump