Stocks in the news (cbg, cho, css, epg, jak, rbf, tasco, tvd, work) 18.01.21
CBG anticipates wider margins this year from full year contribution of new canning plant, improved econ of scale from larger OEM bottling orders, will add 1 new functional drink under C+Lock range, package subsidiary, APM, to cod paper containers 1Q21.
CHO signs MOU with Thailand London taxi operator, Asia Cab, to jointly develop PEV and exports to neighbor countries.
Comment: This company has to figure out how to do their business without needing government projects.
CSS targets 20% FY21 revenue growth above Bt3.8b, supported by full year contribution of 100mw Vietnam solar and 5mw hydro power in Laos, seeks to expand power portfolio to balance revenue mix from telcos equipment trading & network installation & maintenance services.
EPG sees no impact from 2nd wave of covid, supported by Aeroklas-TJM-PP expansion, despite slowdown in Aeroflex, due to seasonal.
JAK: real estate developer, Jakpaisan Estate, debut IPO 82.71m shares at Bt 1.45 apiece.
Comment: Small float, small cap, boom great first day.
RBF sets 10-12% revenue growth target this year on continued order flows, while all factories are operating as per normal, no impact from Covid.
Comment: And margin expansion.
TASCO announced Bt0.30 interim per share and also raised stake in Thai Slurry Seal (TSS) from 25% to 62.5%, for Bt373m. TSS is a leading road rehab contractors.
TVD upbeats 1Q earnings from surging TV & online shopping, sees strong sales in health supplements, kitchen ware and household products thru e-commerce, seeks to boost online members from current 300k.
Comment: This is an outlier bet because what if they have actually figured out how to run their multiple businesses during this strange 11 month period, all of which are focused at those that are staying at home.
WORK plans to add more contents to its DTV channel & online to boost rating, expects higher airtime utilization as events, concerts & live performance goes online.