Kaohoon’s Top News on September 30, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on September 30, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on September 30, 2020.
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– Analysts warned that PTTGC, TRUE, SCB, EA, TOP, ADVANC, AOT, MINT and GULF could face a heavy short sell after the Stock Exchange of Thailand (SET) announced a resume of normal “short selling and ceiling &amp; floor” rules from October 1, 2020, while the aforementioned shares were among investors’ target in NVDR. On the other hand, analysts suggested investors to invest in AAV, ERW, JMT, CHAYO, DOHOME, SYNEX, SRICHA, ASIAN, AUCT, SIS, DCC and RBF instead.
– The analyst expected CPF’s net profit in 3Q20 to report at 6,509 million baht, increasing 7%, and the gross profit margin would increase to 18.50%, the highest in 11 years, due to the higher swine prices in Thailand and Vietnam. The analyst recommended “BUY” with a target price at ฿37.50/share.
– WICE revealed that its 3Q20 revenue and net profit would reach a new high as the operation for air transportation and overseas transportation increased. Its revenue in 2020 would surpass 2,700 million baht, while the analyst expected a 121% increase in net profit to book 137 million baht in 2020, recommending “BUY” at ฿6.25/share.
– The Thai Cabinet planned a ฿51Bn cash handout. Analysts expected the plan would reflect a positive sentiment on F&amp;B stocks such as OSP, CBG, SAPPE and ICHI. Meanwhile, AOT, AAV, MINT, CENTEL and ERW would benefit when the country reopen for tourists.
– RATCH Group Public Company Limited (RATCH) and Gulf Energy Development Public Company Limited (GULF) announced that the Office of Natural Resources and Environmental Policy and Planning (ONEP) has approved the Environment Impact Assessment on their 1,400MW Hin Kong combined-cycle power plant project. STEC was awarded with the Engineering, Procurement and Construction (EPC) Contract worth 8,806 million baht.