CHO Hikes 5 Days Straight for 27%, Booking ฿300M. in Dec. from NGV Bus Consignment
CHO grew 27% in five trading days, while Mr. Suradech Taweesaengsakulthai asserts that the company will realize more income from NGV bus consignments. 
26 ธ.ค. 2561

CHO Thavee Public Company Limited (CHO)’s share had been hiking for the past five days. The price of CHO on November 20, 2018 at 12:30 is ฿1.67/share, up ฿0.03 or 1.83%. The highest in the morning session is ฿1.70/share, and the lowest is ฿1.61/share with ฿25 million in value.
 
Mr. Suradech Taweesaengsakulthai, chairman of executive committee and president of CHO, reveals through Kaohoon on the live broadcast that the company will deliver the second lot of 100 NGV buses on November 27, 2018, and will realize the income worth ฿300 million by the end of this year.
The next delivery for 100 buses is due on December and the remaining of 189 buses for the last lot are due no later than March 2019. The payment is scheduled to be 30 days after the delivery. The income from the delivery both this year and the next year will strengthen the company growth and top up the revenue.
 
Moreover, after the completion of all buses, CHO will also receive the maintenance income worth ฿30 million per month for 10 years. The maintenance income will be divided 50-50 with Scan Inter Public Company Limited (SCN).