Stocks in the news (bts, stec, ratch, gunkul, ptg, siri) 03.01.23
A wheel fell off a Yellow Line monorail train and hit a taxi in Thepharak, outskirt of BKK. The train is operated by a consortium headed by BTS (75%), STEC and RATCH.
Comment: One hopes that this is a 1 off accident… But I’ll happily blame STEC (anutin) all day long.
GUNKUL plans to raise up to Bt25b in new fund for 17 renewable projects with 832.4MW total capacity to be CODed from 2026-2030.
Comment: The shares still haven’t recovered since that land issue last year.
PTG paid Bt825m for 33.33% of Paisan Capital, specializes in 2nd hand truck hire purchase, sees limited impact from rising minimum wages.
Comment: Great timing for this purchase.
RATCH wraps up Bt860m hydro power plant in Vietnam with 30MW capacity, with 20 years PPA with Vietnam power authority.
SIRI launches new year campaign until Mar 31, targeting Bt10b for 85 ready to move in projects.
Comment: They are also desperate for cash.