Stocks in the news (itd, jpark, ptg, tvo) 25.06.24
ITD expects to win Bt18.7b 16.2km Chatuchot-Lamlukka expressway project from Expressway Authority (EXAT) on an upcoming official announcement today.
Comment: Wait……isn’t ITD a bankrupt panther killer, how on earth could a government agency give this project to them?
JPARK: CEO, Santipol jenwattanaphaisarn, sold big-lot 39.9m shares (9.97% of paid-up) @ Bt6.35 total Bt253.3m to local Value investor, Pongsak Thammathataree, and group of investors. CEO remains top holder at 57.76% post transactions.
Comment: Well that’s annoying…am in the process of getting a co visit..
PTG signed MOU with Thai Credit Guarantee Corp to provide guarantee SMEs loan for those want to invest in franchise of Pan Thai Coffee, target café revenue growth >30-35%.
Comment: Fantastic, and the coffee quality is miles above Amazon…
TVO sees 2Q turnaround from higher sales vol of soybean oil as retail price gap btw palm oil & soybean oil narrower yoy, margin is expected to recover as current soybean price drops to $ 12.2/bushel ($ 448/ton).