Stocks in the news (kbank, pttgc, top) 18.02.22
KBANK launches EV hire-purchase program, Green Zero, offering credits for EV or BEV up to Bt12m/vehicle, 7yrs installment, target Bt3b initial phase.
Comment: It’s just a car leasing program…
PTTGC sees FY22 chemical sales on par with Bt465b last year due to planned shutdown at olefin plant (Unit 4/19 days/1Q), (Unit 3/39 days, 2Q) while unit 2, HDPE & refinery schedule in 2H, expects contribution from Allnex (Eur 2b p.a.), wider margins on petroleum products able to offset shrinking chemical outputs.
TOP to sell 11% stake in GPSC to PTT for Bt22.4b, transaction expects to complete by end of April, TOP will hold remaining 10%, also issues 275.12m shares to raise new funds via PO, final subscription price to be announced on June 30, pays Bt2 dps, XD March 3.
Comment: The recap is for buying the indo petrochem co Chandra Asri.