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Sunday, May 5, 2024

Stocks in the news (cbg, erw, ptt, s, sc, seafco, sisb, stec, stgt, tasco, top, tqm) 24.11.20

CBG eyes no.1 domestic energy drink market share by FY22, targeting 20% revenue growth next year from CLMV sales, will finalize plan to list supermarket stores, CJ Express Group, within FY22.

Comment: CJ dominates eastern Thailand, didn’t know that eh? Yup a drive around there and you won’t see 7-11’s, tesco’s, bigc’s as much as you see CJ Express stores.

ERW to cod 2 budget hotels (Hop Inn) within 4Q, expects 4Q recovery from improved OCC thanks to long holidays, domestic tourism stimulus, no cash call plan in near term, Bt1.4b cash on hand provide sufficient liquidity.

Comment: One of the listed entites with the balance sheet, access to liquidity, necessary to survive another 6-12 months whereas all the smaller players struggle.

PTT sets Bt1trln 5 years capex to expand renewable energy, EV, medical equipment, drugs, mulls cutting coal mine investment in Indonesia.

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