Stocks in the news (irpc, lts, ssp, tasco) 17.05.24
IRPC: anticipates positive chem spreads momentum carry thru 2H supported by improve global demand, cushion from China’S econ stimulus.
LTS: lighting & smart home automation solutions, Light Up Total Solution, debut IPO 55m shares at Bt 3 apiece.
Comment: Unless they have a blockchain, bitcoin, iRobot, Chinese EV angle – I’m not interested.
SSP: upbeat 2Q from full quarter contribution of 45mw wind farm project, in talk jv partner to develop 150mw renewable project in Philippines, expects to wrap up deal by end of June.
TASCO: maintain FY asphalt sales volume target at 1.2m tons, expects domestic demand pick up from 3Q supported by Bt 169b roadwork maintenance budget.
Comment: Volumes are there…now just wait for the day oil prices crash – then you pile into TASCO with wild abandon