Kaohoon’s Top News on October 29, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on October 29, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on October 29, 2021
29 ต.ค. 2564

– The Board of Directors of EP has approved the disposal of all shares of E-COGEN, an operator of three co-generation power plants with a combined installed capacity of 360MW, to Univenture BGP Co., Ltd., an associated company of BGRIM and UV, for a total value of 11,334 million baht. The transaction is expected to complete in 4Q21.
– Thai Union Feedmill, or TFM, begins trading on the SET Index for the first time today (October 29). Analysts anticipate that the share price will trade above the IPO price of 13.50 baht, owing to the company’s futuristic approach to such business. The company is planning to use the funds raised to invest in manufacturing and the establishment of a new factory in Indonesia.
– SCC continues to maintain its sales growth target of 5-10% this year, believing that its business will recover in 4Q21 despite concerns about rising energy costs. Meanwhile, SCG Chemicals’ Board of Directors approved the issuance of 100 billion baht debentures.
– PTTEP reported a 27% increase in third-quarter earnings to 9,545 million baht, bringing the company’s first nine-month earnings to 28,218 million baht, up 39%. The uptick was primarily due to an increase in revenue from sales, which corresponded to the rise in global oil prices. PTTEP expects to ramp up sales to 417,000 barrels per day this year and to begin production in the Algeria Hassi Bir Rekaiz project in 4Q21.
– Delta Paint, or DPAINT, ended the first trading day 72% higher. The share price reached a market ceiling of 22.60 baht before settling at 12.90 baht per share, with a trading value of 6,662 million baht. The company’s executive team anticipates full-year revenue growth of between 20% and 30%.