Stocks in the news (asian, ggc, iig, itd, spcg, seafco, simat, spali, tpipp) 02.12.20

ASIAN sets Bt400m capex to revamp foods production line and debottleneck capacity, aiming to boost profit margins from higher productivity, efficiency, lower SG&A from less labor costs, eyes M&A pet food producer to boost inorganic growth.

Comment: Their Pet food business has been the key driver for the past 1-2 years.

GGC reports cod of refined glycerine plant 2 capacity 20ktpa on December 1, demand healthy demand from sanitizing products, drugs and F&B segment.

IIG: Viriya insurance raised holding by 2.5% to 6% of total outstanding last Friday (November 27), SEC filing.

Comment:  Given the dearth of IT plays in Thailand, this is one of the few. But you’ll have to pay for it.

ITD wins 37.45km BKK-Nongkhai phase 1 rail projects worth Bt9.84b.

Comment: What panther news?

SPCG board approved plan to issue 2-year bond worth Bt40b.

SEAFCO…