Kaohoon’s Top News on November 16, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on November 16, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on November 16, 2021
16 พ.ย. 2564

– The Extraordinary General Meeting of Shareholders of SCB approved the restructuring plan to establish SCBX to be a parent company. The restructuring is expected to be completed in 1Q22. The company expects to realize the payment of interim dividends from the net annual profit for the year 2021 of 70 billion baht. SCBX, according to Mr. Arthid Nanthawithaya, Chairman of the Executive Committee, will increase the company’s revenue by 1.5-2x within five years.
– TOP expected its positive performance to continue in 4Q21, as the gross refining margin increased to US$7.5/barrel, in line with the recovery in oil demand following the improvement in the COVID-19 situation and Thailand’s reopening.
– RATCH will use its final investment budget of 8.3 billion baht within December to acquire the Paiton and Sahacogen (Chonburi) projects, which together have an installed capacity of 1,054MW. Additionally, RATCH intends to increase the 30 billion baht reserve set aside for financial restructuring.
– UBE anticipates its full-year revenue to grow at a rate of 30%, or to reach 6 billion baht, following a strong 3Q21 profit of 97.35 million baht, a quarterly record high, owing to a significant increase in cassava starch and ethanol product sales.
– HENG plans to boost its loan portfolio by 30% annually to reach 15 billion baht within two years, as well as to open 30-40 new branches. Additionally, the company expects to reduce its non-performing loans to 3% by 2023.
– MACO partnered with YGG to form a joint venture company based on digital, content, and online gaming, with a special focus on the Southeast Asia market. YGG reported a 108% increase in profit for the nine months of 2021, and announced the capital increase of 512 million shares to existing shareholders.