Kaohoon’s Top News on June 2, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 2, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 2, 2021.
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The PTT group’s stocks, which include PTT, TOP, IRPC, PTTGC, and PTTEP, climbed higher after oil prices soared to $70.00/bbl on renewed global demand. Also, in its June 1, 2021 meeting, OPEC+ agreed to increase oil production within its group in response to a resurgence in oil prices.
Meanwhile, the Thai government approved a new relief package called the “Ying Chai Ying Dai” (The More You Spend, The More You Get) programme, which is aimed at encouraging middle- to high-income people spending. Along with approved “Khon La Khrueng” (Let’s Go Halves) and phase 3 welfare card programmes.
 
NR Instant Product (NRF) stated that since the second quarter of this year is a prime season for its product sales, the company forecasts robust operating performance. Full-year revenue is likely to increase 40-50 percent as a result of the addition of the hemp business in 3Q21 following the acquisition of stock in GTH. Furthermore, NRF is poised to launch a collaboration with the United States’ hemp-cannabis alliance next week.
 
On June 1, 2021, logistics stocks nudged higher, led by SONIC, WICE, and III, on forecasts for further record earnings in 2Q21. Analysts believe WICE and SONIC are still laggard, since they trade at a P/E ratio of 24. Meanwhile, the Executives of JWD, WICE, and LEO revealed that their businesses continued to perform well in 2Q21.
 
The Office of the Ombudsman emphasizes the local government’s and private sector’s support for the procurement of alternative vaccines. Meanwhile, Prime Minister Gen. Prayut revealed an unlimited budget for vaccine purchases, while Anutin stated that the supply of “AstraZeneca” will proceed as planned and that vaccinations will be available beginning June 7.
 
Sermsang Power Corporation (SSP) has concluded a 500 million baht deal to obtain a biomass power plant with a total installed capacity of 9.9MW, claiming that the transaction is financially sustainable. Income from the project is instantly recognized and is expected to break even within seven years, bringing the total production capacity to 200MW by the end of this year.
 
Eastern Polymer Group (EPG) aimed to achieve a sales revenue of 11,000 million baht for the year 2021-2022, with a business plan to build up growth through oversea expansion and its USE policy. The thermal insulation business, under the brand AEROFLEX in the US, has already begun test run the initial production in June 2021, in line with the economic recovery. Meanwhile, the automotive parts and accessories business, under the brand AEROKLAS, is expected to grow in line with the increase in demand in all global electric vehicles (EV). Lastly, The plastic packaging business, under the brand EPP, will be mainly driven by Thai food industry.