Stocks in the news (cp, ekh, sappe, tm, tnp) 06.01.20
CP Pharmaceutical Group invests Bt15b to acquire a 15% stake in Sinovac Biotech to produce CoronaVac vaccine.
Comment: So….CP bought a stake in this, probably been under nego’s for a few months, and during the nego period Thailand had a spike in Covid cases. And now Thailand is receiving the SinoVac vaccine. Someone tell me I’m wrong.
EKH anticipates solid 1Q supported by strong revenue from Covid test as its hospital in severely infected areas, Samut Sakhon, had tested more than 3k patients since December 20,20 (Bt4.15k)/test, OCC for IPD above 80-90%.
Comment: Great for them I suppose.
SAPPE branches out from drinks manufacturing to café business, Preaw Café, focusing on healthy drinks & nutrition snacks products to elevate customer experiences.
Comment: All your favourite independent cafes are gone, corporates are taking over.
TM reaffirms big jump 1Q from strong face masks sales and growth from online channel.
TNP upbeats 1Q earnings from strong traffic at supermarket branches as demand for essential supplies grows on 2nd round of Covid spreads, boost from shopping subsidy stimulus.
Mat
Pon, Happy New Year 2021 and all the best wishes for this starting year with Health as the first one.
@ Sappe, I am leaving in Rayong area and I can tell you that in the last 2 years the number of “local” Specialty coffee shops has increased dramatically even with the Covid-19 situation. There must be some market for “higher end products”. Let me know your thoughts on this.
Pon
Sure I can see the trend of people to open their own coffee shops. But unless one owns the land upon which the location is, 99% will fail except for the most popular ones. #1 will survive #2 and #3 will be gone.
Pon
and hny 2 u 2