Kaohoon’s Top News on June 7, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 7, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 7, 2021.
7 มิ.ย. 2564

PTT Global Chemical (PTTGC) is anticipated to divest its holding in GPSC, leaving it with a 12.73 percent stake, resulting in an estimated 9,000-10,000 million baht will be booked in 2Q21. Furthermore, PTTGC has put aside 20,000 million baht for M&amp;A of high-quality chemical businesses. Meanwhile, the tender offer for VNT will be advanced to 4Q21.
 
PTT expected sustained strong profit growth in 2Q21 as Brent crude oil prices surpassed US$70 per barrel, boosting gross refining margins (GRM) to US$2-2.5 per barrel and doubling LNG prices. Analysts forecast a significant normal profit recovery in 2Q21 as a result of improved performance throughout all business units.
 
Gunkul Engineering (GUNKUL) was convinced that its revenue will exceed 10,000 million baht this year and that it would aggressively bid on EPC projects worth more than 20,000 million baht. Also, GUNKUL sought to acquire 15% of the capacity of cannabis extraction factories, while the production may begin sooner than planned.
 
Mongkol Prakitchaiwatthana acknowledged that the share price of Xspring Capital Plc. (XPG) was increasing too quickly despite the fact that the fundamentals remained unchanged following the capital increase to become the company’s second largest shareholder after Sansiri.
 
Asia Green Energy (AGE) forecast logistics revenue to reach 1,000 million baht in 2021, with a goal of expanding into the freight business to improve profit.  AGE expressed confidence that the company will achieve a total income of 11 billion baht this year, a 30% increase over the previous year. Analysts have recommended a “Buy” rating on AGE with a target price of 4.20 baht and a P/E ratio of 9.12x.
 
Today (June 7) marked the beginning of a nationwide vaccination campaign. The Ministry of Public Health announced that around 3.54 million doses of Covid vaccines are now on hand and that around 3.42 million doses will arrive in Thailand this month. Over 4 million people have received at least one shot as of now. Additionally, the Ministry confirmed that a purchase agreement with Pfizer will be inked this week. Meanwhile, Bangkok’s governor stated that the city is prepared to inject 7,000 people daily. Private hospitals are expected to import the Moderna as early as September.