Kaohoon’s Top News on June 4, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 4, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 4, 2021.
4 มิ.ย. 2564

AstraZeneca announced the official launch of its supply chain in Thailand, with the first 1.8 million doses of locally produced Covid-19 vaccine ready to be gradually rolled out from June 7, 2021 onwards. 
Asia Plus Securities (ASPS) believes that Thailand will be able to vaccinate as planned this year, resulting in a considerable increase in fund inflow. As a result, economic activity will continue normally, leading to a positive feeling toward stocks in sectors that benefit from the country’s reopening such as aviation, transportation, tourism-hotel, media, commerce-property, banking, and leasing.
Madame Pang-Nualphan Lamsam stated her support for the right of people to get alternative vaccines rather than those prescribed by the government. Meanwhile, the Deputy Government Spokesperson confirmed that Thailand will get 20 million Pfizer Covid vaccine doses and 5 million Johnson &amp; Johnson vaccine doses in the third quarter of this year.
 
Morningstar Thailand reported that the average yield of worldwide cannabis-hemp mutual funds was 30.8% for the first four months of 2021. At the present, two Thai asset management companies have issued this type of fund (MFC Asset Management and V Asset Management). Analysts recommended keeping an eye on Thai listed firms that are involved in the cannabis and hemp businesses, as they are expected to grow rapidly as well.
 
Wice Logistics (WICE) raised its revenue growth target for 2021 to 20%, citing robust performance across all business units and an excellent second-quarter operating result as the US and China economies recover. Meanwhile, Absolute Clean Energy (ACE) predicted a bright future this year as a result of the 9.9MW Khlong Khlung VSPP that is scheduled to generate electricity in the second half of this year. The COD will begin next year for the municipal solid waste (MSW) disposal (waste to energy) project in Chokchai and Chiangwang. ACE anticipated that the company’s revenue would increase by 760 million baht.
 
Kasikornbank (KBANK) fell further after MSCI Global Standard Indexes announced KBANK’s delisting from the index, which will take effect on June 4, 2021, due to the NVDR restriction of 25% hitting its ceiling, resulting in an outflow of about 1.8 billion baht. Nevertheless, the analyst stated that the deletion did not have a direct impact on KBANK fundamentals and expected the decline in share price could be the opportunity to accumulate.
 
Independent Financial Advisor supported Gulf Energy Development (GULF) in its asset acquisition transaction in INTUCH-ADVANC, indicating that the deal is both reasonable and strategic. Furthermore, investing in an industry leader in the telecommunications business that has sustained good performance and ability to generate consistent dividend returns.
Meanwhile, the Industrial Estate Authority of Thailand announced that construction on Phase 3 of the Map Ta Phut Industrial Port will begin on July 1, 2021.