Stocks in the news (bpp, iii, scb, scc, rojna, rs, tisco, trubb, vgi) 11.07.19
BPP to cod 19mw JPN solar & 52mw China geo-themal powerplants in 3Q, 660mw out of 1,320mw SLG coal-fired pp to cod in 4Q (BPP hold 30%), 660mw phase 2 to cod 1H20, 80mw Vietnam windfarm will start cod 4Q20 till 4Q21.
III anticipates 2H turnaround from surging cargo traffic on seasonal, new route launched by partners Airasia & Airasia X to Nagoya, Taipe, Columbo & Ningbo and full year contribution from DG Packaging Spore & Around Logistics Mgt HK, firms on 20% revenue growth target.
SCB’s invested an undisclosed amount in Go-Jek, the Indonesian unicorn startup, to fund ride hailing services and strive to expand into the lucrative digital banking sector under a comprehensive ecosystem of offshore partners.
Comment: Rubbish
SCC expects 2Q under pressure from narrow chem spreads and Bt2b provision to comply with new labor law overshadow strong growth in cement and material sales, Tabloid.
ROJNA signs MOU with Industrial Estates authority to develop 360 acres Rojana IE Chonburi phase 2 worth Bt2.1b, target completions 1H21.
Comment: Another EEC play? And if its really acres instead of rai? Then its a massive development
RS sees weak 2Q on employees’ related expenses, but confident of strong 2H on MPC, media, and music business.
TISCO expects to report 2Q today, Bt1.79b consensus.
TRUBB: name change to Thai Rubber Latex Group pcl, ticker remained unchanged, effective today.
VGI officially unveils V-Click Technology, allowing access to Chinese marketing and tourist data.
Comment: They seem to be executing rather well in their additional endeavours