Stocks in the news (ea, hmpro, jkn, ktc, mega, ori, plat, ratch, sawad, scg, tkn, ttw) 02.09.19
EA upbeats 3Q earnings from windfarm high season and full quarter contribution on 80mw Hanuman 10 projects coded April 13, firms on 30% revenue growth target >Bt20b.
Comment: The dream is still the EV battery for EA. Where’s the evidence that this is working?
HMPRO opened its 84th branch, HomePro Max Mukdaharn, aims to capture sales from TH-Laos border and north Eastern provinces.
JKN’s firm on 20% revenue growth target this year, upon realizing Bt470m backlog, to wrap up content sales contract worth Bt50-100m by end of year.
KTC JV with KTB to launch Pico Plus, provides personal loans under Bt100k credit line.
Comment: Just grabbing more market share
MEGA will add 4-5 health supplement products in 2H, in talk partner to estimate plant in Indonesia, expects to wrap up within 4Q.
Comment: Just wait until they launch some cannabis products…
ORI to exceed its Bt19b revenue target this year, plans 8 projects in 2H.
Comment: Hmmmm this is one of the property firms where we have big question marks over their liquidity
PLAT estimate F&B subsidiary, aims to branch out from shopping mall and hotel to food business
Comment: They’ve proven that they don’t know how to expand like CPN
RATCH said it will fight Bt6.5b claim lodged by Thai-Lao Lignite, alleging that RATCH has infringed on its trade secrets when running Hongsa PP Project in Laos, yet to set aside provision.
SAWAD reaffirms 20-30% revenue growth target with <5% NPLs.SCG Packaging, a unit of SCC, spends Bt4.341b for 80% stake in Visy Thailand.
TKN in cooperation with Pringles to launch 3 new flavors snack under “East Meets West” concept.
TTW’s confident of 2-3% water sales growth from 321.28m cbm last year, thanked to contribution from 2nd plant in Kratumban with 100K cbm/day.