Stocks in the news (dcc, rci, fsmart, kex, ktc, pttep, scc) 11.02.21
DCC to tender RCI at Bt3.9/share for delisting, MAY-KE is agent.
Comment: Took them long enough, the son waited for the father to step down to get this done?
FSMART announced partnership with SABUY, offers e-wallet top-up via its “Boonterm” machines, sees synergy from tech sharing & payment platform, will jointly expand digital payment network
Comment: They haven’t figured out how to utilise their network properly.
KEX says Chinese logistics giant SF Holding’s intention to buy a 51.8% stake in Kerry Logistics Network (636 HK), the parent firm of KEX’s major shareholder KLN Logistics Thailand, shows SF is gearing up to expand its footprint in Asia, could see opportunity for KEX and VGI.
Comment: No. Flash Xpress is the one that is raising a tonne of capital and going regional and will beat Kerry.
KTC to buy 75.05% of KTB Leasing from KTB, for Bt595m, aiming to strengthen retail financial segment with full range of auto-related finance products.
Comment: They are becoming a financing co.
PTTEP announced the largest-ever gas discovery in Malaysia, appraisal drilled total depth of 4.32km with proven over 600 meters of net gas pay and a flow rate of 50m cu ft/day.
Comment: Boom. Magical. And look oil prices are higher than pre-covid levels.
SCC adjusts this year strategy to prepare for new normal era, confident of strong growth in packaging unit, to boost chemical mkt and focus in smart energy theme, sets Bt65-75b capex.