Kaohoon’s Top News on August 3, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 3, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 3, 2021.
3 ส.ค. 2564

– Advanced Info Service (ADVANC) is expected to report a core profit of 6,735 million baht in the second quarter of 2021, a decrease of 3.8 percent, due to flat revenue from service and a 4.2 percent increase in cost of service, resulting in a 2.8 percent decline in net profit to 13,379 million baht in the first half of 2021. Analysts anticipate ADVANC will pay an interim dividend of 3.24 baht, proposing a “BUY” rating and a target price of 224 million baht in expectation of a second-half rebound.
– Analysts estimate North East Rubber’s (NER) 2Q21 earnings of 434 million baht, a 92.8 percent increase to a new record high, primarily due to rubber exports to China. While the second half of the year earnings are projected to be boosted by a new product, a cow rubber mat.
– AMR Asia (AMR) gained 18.84 percent on its first trading day, indicating investor confidence in the company. According to Mr. Marut Siriko, Managing Director of AMR, the capital increase would be used to expand the Feeder Line-Smart City-EV Charging Station business in order to create recurring revenue for the company. AMR anticipates a 16 percent surge in income this year, citing a target of 2,000 million baht in annual revenue. The company now has a backlog of 1,800 million baht.
– Analysts believe that Bangkok Bank’s (BBL-F) exclusion from the MSCI Index will result in a huge selloff by passive funds and a technical downgrade of the company. As a result, it is a good opportunity to accumulate BBL-F. Analysts also indicated that the Covid-19 pandemic had no greater impact on BBL, noting the fact that its major loan customers are large corporations, and setting a target price of 160 baht for BBL. This year, BBL anticipates a 61 percent increase in net profits.
– Ananda Development (ANAN) delays the issuance of 6 billion baht debentures as the company plans to appeal against the Central Administrative Court’s verdict of Ashton Asoke project. ANAN further disclosed that it has proceeded properly in accordance with the strict procedures of laws, regulations,and announcements of government agencies and will take full action in accordance with the law for the benefits of the company and all stakeholders.
– Sermsang Power Corporation (SSP) announced that the Leo 1 solar power project with an installed capacity of 20MW in Japan has started the commercial operation from July 31, 2021, boosting the company’s total capacity to 163MW. The Vietnam-based wind farm with an installed capacity of 48MW is scheduled to commence the COD in 4Q21. SSP aimed to ramp up the energy portfolio to 400MW by 2024.