Stocks in the news (itc, lanna, leo, smk, sti, top) 11.07.24
ITC reaffirms double digits revenue growth in 2Q supported by OEM pet food sales for private label clients, mulls revise up FY revenue growth from current 15% aft 2QW results.
Comment: Function of base comp…
LANNA sees mediocre 2Q as coal price shrink on seasonal, improved operation from ethanol unit to provide cushion.
LEO signed MOU with Viettel Post Corp to joint collab on cross border logistic TH-China via Vietnam.
Comment: Now that’s interesting to observe…used to own VTP VN…
SMK: MOF revoke insurance operating license as NCR fall short of requirement and unable to resolve financial issue to fulfill obligations within 1 year as ordered by Office of Insurance Commission.
Comment: And all those insurance policy holders are f$$ked.
STI wins 2 consultancy contracts from Dept of Highway total Bt 86.2m.
TOP expects solid 2Q from inventory gains, hedging gains and bond buy back to provide cushion from soft GRM.
Comment: Usual mid year bump..