Stocks in the news (gunkul, hmpro, jwd, seafco, stec, thai) 13.03.20
GUNKUL sees solid 1Q after realizing 94MW solar farms in Vietnam and Japan, in talk to acquire windfarm in Vietnam in 3Q.
HMPRO sees negative SSSG 1Q from lower traffic amid virus, aims to curb costs, adds campaign to boost online sales, sets Bt5b budget to add 5 branches & revamp existing outlets.
Comment: Everyone has -ve SSSG for the 1Q20
JWD mulls to sell F&B business in Taiwan to expand logistic & supply chains management business, maintaining 10% revenue growth target
Comment: That’s a quick turnaround
SEAFCO anticipates wider margins this year as costs drop from falling oil price, will bid additional contract combined Bt19b, aims to boost current backlog from Bt2b, firms on 10% revenue growth target above Bt3.3b.
STEC teams up BTS to bid for Orange line construction and O&M contract, Bt36b backlog out of Bt90b to be realized this year.
Comment: The company of Thailand’s MoH continues to mint money
THAI president Sumeth Damrongchaitham has tendered his resignation, after his plans to rehab the loss-ridden national flag carrier were reportedly rejected by the board.
Comment: And the head of AOT stepped down. Both hinting an incompetent government not helping matters.