Kaohoon’s Top News on May 24, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on May 24, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on May 24, 2021.
24 พ.ค. 2564

Analysts have set the highest target price for IRPC at 5.30 baht per share, highlighting recovering demand for petrochemicals, which pushed product spreads significantly higher in 2Q21. Additionally, analysts recommended a “BUY” rating on IRPC, citing the company’s current share price remaining low and growing at a slightly slower pace than margin. In mid-June, IRPC is expected to be added to the readjusted SET50 Index.
 
In response to a good outcome from a solar farm in Vietnam and increased volume sales from industrial users (IU), B.Grimm Power (BGRIM) projects its 2Q21 performance to skyrocket to over 10 billion baht, expressing readiness to advance in new projects in the second half of this year. Analysts have given a “BUY” recommendation with a target price of 55 baht per share.
 
The SEC approved SPV77 Co., Ltd. to sell a first-ever digital token for investing in Siri Hub worth 2.4 billion baht on Friday, May 21, 2021, sending cryptocurrency-related stocks higher. Meanwhile, The Brooker Group (BROOK) intends to raise its cryptocurrency investment from 200 million baht to 1,100 million baht.
 
PTT Oil and Retail (OR) was a surprise inclusion in the recently recalculated FTSE Large Cap index. Meanwhile, SCG Packaging (SCGP) has been added to both the FTSE and MSCI indexes, effective May 27, as expected. Besides that, Kerry Express (KEX) has been listed on the FTSE Small Cap index, while six other Thai stocks, including JR, NEX, NRF, RT, SA, and SO, have been moved to the FTSE Micro Cap index.
 
NR Instant Product (NRF) intends to raise 7.6 million shares in exchange for a 49% stockholding in Golden Triangle Health (GTH) in order to penetrate the hemp market. The deal is anticipated to conclude in 3Q21. Dan, the company’s CEO, stated that sales would increase by 40-50 percent in 2021. Analysts rate the stock “BUY” with a price target of 12 baht per share.