Stocks in the news (cbg, hft, mvp, oto, planet, thai, true, dtac, ube) 08.04.22
CBG launches promotion to give away 500 moto-bike worth Bt25m, vows to maintaining selling price, to launch CBD mixed drink in 2Q.
Comment: Been thinking that this group of co’s is “cheap” and we all know that the costs of their packaging/bottles etc are up for the moment, at one point this turns…
HFT’s running at 100% capacity at 52K/day, on high demand for bicycle tire, expected to rise to 55K/day in May, mulls raising price mid year, sees growth in motorcycle tire in Vietnam.
MVP to book revenue from Laos crypto mining in 2Q, on track on transformation to tech co.
Comment: I don’t know how to look at this firm because part of it is “new economy” the other part is “rubbish”
OTO sets Bt100m, paving way for subsidiary Innovative Hub to take a stake in Figital Space Development to expand gaming development in 2Q, and launches HUB-NFT to support eco-system, on track to transform into full-fledged tech co.
PLANET sets up Planet EV to expand full cycle into EV business to capitalize on EV boom, mulls seeking partners.
Comment: Rubbish reverse merger, pumped for a short while and then nothing happens. yawn…
THAI will add 3 Boeing 777-300ERs to its fleet this month in order to meet the growing demand for flights, in light of the relaxed travel restrictions.
Comment: hahaha, if you follow AMM on twitter you’ll look at this purchase differently.
A majority of NBTC board members have shrugged off a request to seek the Council of State’s deliberation as to whether the regulator has the power to consider approving the merger of TRUE and DTAC.
Comment: No institution is going to take responsibility regarding this merger.
UBE to expand organic tapioca, target revenue reaching Bt10b in 3 years, firm on 15-20% growth this year, supported by high value product under food for the future philosophy, solid growth in ethanol fuel and industrial grade, sets Bt1,550m capex.
Comment: What is interesting with this company is that despite the soft commodity price increases – or perhaps due to, one of their key products is sold on ethanol prices where the prices have gone very high, but their cost for the fuel is cassava where the prices haven’t increased as high and therefore due to they may surprise with higher than expected margins.