Stocks in the news (ea, pttep, tiger, tse) 25.03.19
EA: report cod of 48mw wind farm, Hanuman 5, on Friday.
Comment: Nothing new, but there are still several questions around their battery project…
PTTEP: will book immediate contribution of Murphy’s Malaysia assets from 2Q, expects full year Oil & Gas sales +7.5% yoy topped 344kbpd, EBITDA +16%, mulls to buy Murphy’s Vietnam & Brunei assets to add scale.
Comment: That came out of nowhere! Expect analysts to increase forecasts by +15-30% for the next 2 years should this go through.
TIGER: wins contract to build Sadao industrial estates in Songkla worth Bt 538m.
TSE: buys 49% stake in 5mw solar operator, Bang Sai Solar (BSS), for Bt 132.5m, expects to wrap up 2 M&A biomass powerplants in Vietnam total 50mw within May, reaffirms big jump 1Q from additional 20mw capacity cod in the quarter.
Comment: The value of the older renewable firms have dropped tremendously since the days of THB 100 mn / MW
Xavi
so Uncle Tu won the popular vote 😂😂😂, I have seen some whoppers in my time but this may take the cake.
Pon
The Ministry of Magic is a wondrous place.
Bo Stenberg
Expect reserves-rich BOT to be supportive of “sensitive” enterprises (banks) beyond your wildest imagination. Appearance is Reality.
Katharina
Oh Boy…another 4 Years with the General and the Small and Midcaps who not Profit from the Flow of Money from the Generals to „ Friends and Family’s „ will maybe mostly out of the Race..
Maybe best way is out of Thai Stocks for now…High Risk and Low Returns is not the best Recipe…
Pon
They’ll do anything to win – logical western thinking doesn’t apply in trying to decipher the next moves