Kaohoon’s Top News on August 10, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 10, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 10, 2021.
10 ส.ค. 2564

– Today (August 10), four blue-cap stocks are scheduled to report their second-quarter financial results. Sri Trang Gloves (Thailand) (STGT) is predicted to report a 640% increase in net profit to 7,800 million baht, while IRPC is expected to report a profit of 4,380 million baht due to improved refinery and petrochemical operations. PTT Oil and Retail Business (OR) and Thai Oil (TOP) are forecasted to have a strong net profits of 3,134 million baht and 2,600 million baht, respectively.
– MSCI and FTSE downgrade Intouch Holdings (INTUCH) as its free-float declines, which has no effect on its base but could result in a capital flight of more than 3.9 billion baht. On the other hand, analysts see an opportunity for investors to buy INTUCH, setting a target price of 70 baht.
– Investment Analysts Association (IAA) forecasts the SET Index to sink below 1,500 points if the Covid-19 outbreak persists and vaccination campaigns continue to be delayed. IAA, however, promotes Dividend Plays with a lagged price, including TU, ADVANC, KCE, GPSC, BGRIM, STA, and NER.
– Supalai (SPALI), Land and Houses (LH), and AP (Thailand) (AP) are expected to report their second-quarter financial performance today. SPALI will post a record net profit of 1,548 million baht, up 269% year on year, while LH will announce earnings of 1,757 million baht, up 26%. AP’s revenue for 6M21 is estimated to be 2,488 million baht.
– Srisawad Corporation (SAWAD) announced the launch of a new loan service, Fast Money Loan, which will offer motorcycle title loans at a low interest rate of 1.5% for a 12-month term. Thida Kaewbootta, director of SAWAD, stated that the company anticipates a 23% increase in second-quarter earnings to 1.21 million baht.
– PTT Global Chemical (PTTGC) delivered a 2Q1 net profit of 25,035 million baht, up 1,398%, mainly due to an extra gain from the disposal of Global Power Synergy (GPSC) at the amount of 10,000 million baht, coupled with a rising of refinery and petrochemical prices. North East Rubber (NER) reported a 95.13% increase in earnings in 2Q21 and an 182.78% increase in net income in 6M21, while paying a 0.07 baht dividend.  Meanwhile, Thai Union Group (TU)’s 2Q21 net profit was at a new, all-time high of  2,343 million baht, up 36.5% year on year. With robust net profit, TU announced a dividend payment of 0.45 baht.