Kaohoon’s Top News on October 25, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on October 25, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on October 25, 2021
25 ต.ค. 2564

– The Bank of Thailand (BOT) has introduced a new housing loan measure that will allow borrowers with a loan to value (LTV) of less than ten million baht to borrow up to 100% plus 10% for decorations, and borrowers with an LTV of more than ten million baht to borrow up to 100%, up from the current range of 70-90%. The program will run for one year in bid to boost the property market. Analysts assessed that SPALI, AP and ORI will be the frontrunners to benefit from a fresh LTV measure. Meanwhile, the banking sector has seized the largest share of the home loan market, led by SCB at 30%, TTB at 22%, and KBANK–KTB at 18%.
– Mr. Kongkrapan Intarajang, Chief Executive Officer of PTTGC, saw an upward trend in the company’s performance outlook for 2022, citing higher refinery margins and petrochemical products as supportive factors. The company has set aside 500 billion baht for business restructuring with the goal of achieving net zero greenhouse gas emissions (Net Zero) within the next 30 years while maintaining annual revenue growth of 4%.
– WICE collaborated with two business partners to expand its cargo network in Malaysia and China, with an initial revenue target of 400 million baht. The company forecasts full-year revenue to reach 5,800 million baht, an increase of 45%, while revenue in 2022 is expected to grow by at least 20%.
– Mr. Sarath Ratanavadi, GULF‘s Chief Executive Officer, stated that the company is approaching the completion of a big investment in renewable energy power plants abroad and will then sign a contract to invest in the Laem Chabang Port Phase 3 project.
– ING and the Ministry of Finance agreed to exit TTB, allowing TCAP to become the major shareholder with a stake of up to 24.99%. TCAP has acquired an additional 2% of TTB’s shares in accordance with the quota. Banking sector earnings totaled 42,643 million baht in 3Q20, up 43.63%, bringing the first nine-month net profit to 140,538 million baht.
– BCH is confident that its 3Q21 performance will be the finest since the founding of the company, owing to massive revenue from COVID-19 services and revenue from the Lao PDR hospital. Analysts have recommended a “BUY” rating on BCH with a target price of 29 baht, estimating a net profit of 2,099 million baht in 3Q21, up 408%.