Kaohoon’s Top News on June 23, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 23, 2021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on June 23, 2021.
23 มิ.ย. 2564

– Hemp stocks climbed yesterday (June 22) in speculation of the CBD business. DOD Biotech (DOD) closed 9.56% higher, while R&amp;B Food Supply (RBF) gained 5.64%. Simultaneously, DOD reported that the company had been granted Thailand’s first permission for the extraction of hemp oil from seeds, and DOD is also in the process of applying to the FDA for a hemp cultivation, retail, and distribution license for its partners JKN, KISS, BEAUTY, CHAYO, and FN.
– Gunkul Engineering (GUNKUL) continued the rally following widespread speculation about the potential growth of the hemp industry. The company anticipates starting revenue recognition from this business in 4Q21. GUNKUL’s current capacity for CBD extraction is 100 kg per day, but the company plans to increase that capacity to 1,100 kg per day by 3Q22. Analysts recommend “BUY,” citing a 1% upside from the hemp business.
– Hwa Fong Rubber (Thailand) (HFT) soared despite the Covid-19 epidemic, owing to the share price’s laggard and strong base. The company’s executives anticipate a new record income of 3,200 million baht due to a 95-100% manufacturing rate of bicycle-motorcycle tires and massive orders through 2Q22. Additionally, the company has set aside 600 million baht for investment in 2021-2022.
– The Thai government reaffirmed Phuket’s reopening on July 1, 2021, and also approved a further reopening in other three popular destinations (Koh Samui, Koh Pha Ngan and Koh Tao) on July 15, 2021, prior to the country’s full reopening in October. Analysts anticipate that the relaxation of the Covid-19 restriction on welcoming foreign visitors will benefit stocks in the airline and tourism sectors, including AOT, AAV, CENTEL, ERW, and MINT.
– Eastern Power Group (EP) aims to propose a budget of 2,100 million baht for the acquisition of an additional 40% stake in SSUT at the August 4, 2021 extraordinary general meeting. The company anticipates annual revenue of 200 million baht from this transaction. Additionally, EP plans to begin the COD of a 160MW wind turbine in Vietnam this October, bringing the total production capacity to 525MW.