Stocks in the news (centel, tisco, whaup) 14.03.25
CENTEL: upbeat outlook after announced hotels & resorts expansion plan at ITB Berlin travel exhibition, will launching new hotels including Centara Indonesia & Nepal, Centara Grand Lagoon Maldives, 2 facelift projects including Centara Grand Beach resort Hua-Hin & exclusive villas under Centara collection plus fully refurbished Centara Grand Beach Krabi and repositioned as Centara Reserve Krabi.
Comment: Oh suddenly it’s a bullish name again.
TISCO: sees 1Q loan growth slightly improve qoq, expects asset quality recover from improve used car market & government debt-relief programme, new car hire-purchase to benefit from rate cut cycle.
Comment: Wait – if TISCO is going to grow…then…then…then..you know where to be..
WHAUP: sets Bt29b capex to spend between 2025 & 2029, 75% to expand solar portfolio, remaining 25% for water business to supply to factories in industrial estates, aims to increase power gen capacity by 220ww this year to 1,185mw from 965mw in 2024.
Comment: God damn this pathetic ESG bs….solar portfolio? Are you nutz? Unless the government is going to continually pay for all it.
Paul Renaud
What is wrong with Solar? (WHAUP). The cost of solar panels has all but collapsed while its efficiency roared up, over the past 10 years. My own ROI in it is 17% vs o.3% in Thai bank savings accounts. And there are tremendous efficiencies of scale in big solar operations/installed! Not least it helps the carbon footprint.
For other reasons as well, I happen to think WHAUP (3.70) is likely the best high yield utility stock to own during these bearish Thai stock times.
Pon
I trust climate & renewables models like I trust politicians.
Paul A. Renaud
Amazing how neither Thai brokers (to my knowledge) nor the SET publish any stat’s on the number of companies which have announced share-buy backs lately (Treasury stock); as this would instill some mkt. confidence….as I think many of us here know there have been a record amount of listed companies which have over the past many months announced such buy backs. Its in my view a responsibility if not not duty by the SET/Brokers to publish such data!
Also, great article in the BKK-Post today on the lack/delays “lame duck” of fine-punishment enforcement by the SEC, which I have pointed out many times of recent and long past. Its a real shortcoming here and a key reason why mkt. confidence lacks and pulls the SET ever lower.