Kaohoon’s Top News on December 3, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on December 3, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on December 3, 2020.
3 ธ.ค. 2563

– CPF was confident that its net profit in 2020 would be at its peak in 10 years after booking 19.6 billion baht in 9M20, which was higher than the whole year of net profit in 2019. The company also expected to complete the swine business in China and Tesco deal soon.
As for 4Q20, the company expected to record an extraordinary item worth 2,000 million baht from the Chinese swine business.
CPF was chosen by investors to be the most “Popular Stock in the Agriculture Sector”.
– The analyst stated that the resolution of the Constitutional Court in dismissing the allegation of the Thai PM would result in consistency in the economic recovery, but the pro-democracy protest could cause investors to slow down their investment.
– The analyst expected NRF’s 4Q20 revenue to make an all-time high, while recording 60 million baht in net profit due to higher recognition from “City Food”. Overall, the analyst forecasted the company to record a net profit of 145 million baht, increased 180%, giving a “BUY” recommendation with a target price at ฿8.30/share.
– The Center for COVID-19 Situation Administration (CCSA) approved the second phase of the 50-50 scheme and increased the limit from 3,000 to 3,500 baht per person. The analyst expected the scheme to benefit OSP, TKN, SAPPE, and TVO.
– KBANK asserted that its borrowers who requested for a temporary debt postponement have returned to paying interest as normal loaners. The company saw stability in an overall outlook while its capital reserve remained high and would be able to control its NPL. KBANK expected to issue a dividend payment at the beginning of 2021 for its operations this year.