Stocks in the news (ggc, glocon, kbank, mega, nok, pylon, sena) 04.12.19
GGC said Nature Works USA is interested in building a biopolymers plant at its Bio-complex in Nakornsawan.
GLOCON to revamp food business strategy by expanding A&W Express and in 7-11, targeting 20-25% revenue growth at A&W.
Comment: Not sure they will be actually able to do anything with this brand, there’s a lot of competition in the market.
KBANK teams up Lazada to expand lending to online merchants, credit approval within 1 min thanks to AI platform and big data from Lazada for client analysis.
MEGA sees peak 4Q on seasonal, firms on 5-10% revenue growth this year, target Bt1.8-2b net profit in 2025 from domestic sales, new markets and business.
NOK to launch Donmuang – Hiroshima route in Jan20 after clearance by JCAB to enter Japan.
PYLON sees record high in 4Q, boosting yoy growth in FY19, supported by Bt1.54b backlog to be booked all in 2Q20.
SENA keeps Bt6b FY19 revenue target, Bt4.8b out of Bt12.8b outstanding backlog to realize in 4Q19, remaining balance to realize till FY22, upbeat 4Q earnings from government property stimulus, Bt20b ready-to-move in inventory ready to transfer, mulls to add more hospitality and commercial property to boost recurring income.
Comment: We’ve seen every property co except SPALI and SENA reduce targets…are they something special or just lying?
Xavi
Pon, did you see the latest Demco oppday? The CEO mentioned that WEH has informed them they will officially start the IPO process next month. Was In the Q and A session part of the presentation.
Pon
Yup.
Outside the meeting they stated that the management of WEH is pushing hard for it to happen, but there are still questions regarding the state of the shareholders.
Xavi
Did they gve any indication on the potential pricng range?
Pon
Nope, too far away. There’s nothing filed with the SEC.
Bo Stenberg
Meanwhile, at least for now, there is baht selling….
Hm.