Stocks in the news (major, tqm) 16.03.20
MAJOR sees sharp fall in 1H20 profit on outbreak, as several movies had delayed premier, including Fast & Furious 9 and James Bond, cutting revenue projection down 17% to Bt8.8b, the lowest in 4 year.
Comment: All the major movies are going to be postponed, perhaps this will accelerate the move to digital further by the studios.
TQM sold over 100K covid-19 insurance, hoping to see 22% jump in 1Q20.
Comment: Just a cheeky move by an insurance co…but that’s business for you.