Stocks in the news (ilink, itel, scb, siri, spali, sun) 10.03.21
ILINK sets Bt6,000m revenue target this year, on solid growth in 3 core business, supported by Bt3,800m telco backlog, of which Bt1,600m to realize this year, 5% growth in engineering business, on expected completion of 2nd phase Suvarnabhumi airport middle of the year.
Comment: They are finally achieving everything that was postponed when these crooks took over the government. Sorry the wonderful military that has brought a smile to everyone’s faces. *grin*
ITEL reaffirms Bt2,800m revenue target this year, supported by Bt3,815m backlog, confident of winning Bt2,000m worth of bids.
SCB said its Tier 1 is at 17%, ready to resume dividend payment, if no fresh measure from the BOT, target to cut costs by 10% this year. SCB is prepared to further expand and digitize business in a bid to enhance profitability and ROE.
Comment: Funny money.
SIRI sees 1Q sales >Bt5b target after logged Bt6-7b sales 2M21, maintaining focus on SDH this year.
SPALI target FY21 pre-sales +11% yoy >Bt27b, transfer +36% yoy >Bt28b, Bt34b of new launches, expects all time high revenue from Bt37.5b backlog, completion of 3 condos projects during 2Q/3Q total Bt14.3b (Supalai Premier Charoennakorn, Supalai Riva Grand, Supalai Veranda), strong margins from transfer of Supalai Premier Sukhumvit 39, maintaining 70:30 horizontal/vertical projects, pays Bt0.5 interim, XD April 28.
Comment: What if year end we see a huge jump in mortgage approvals due to thai banks looking at the past 12 months pay slips? I think you have 3-6 months left to buy decent real assets at discounts.
SUN to cod ready to eat production plant in 2H, expects wider margins after branching out from canned foods & frozen sweet corn products, mulls investing in biomass powerplants to utilize corncob.
Comment: Well, the news most retail investors (and us) are focused on is….where’s that sweet weed?