Kaohoon’s Top News on April 20, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on April 202021.
Top news from “Kaohoon Turakij Newspaper” to start the trading day on April 202021.
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– GULF expected to make a tender offer for all 2,599.63 million shares of INTUCH, representing 81.07% of ordinary shares at a tender offer price of Bt65.00 per share. The whole acquisition is expected to worth 169 billion baht. Due to the Chain Principle policy, GULF would also make a tender offer for ADVANC at a price of ฿122.86 per share, but would request SEC to opt out a tender offer for THCOM. The company stated that a capital increase is not required due to having enough funds from financial institutions.
– The share price of BFIT hit the ceiling yesterday after the speculation of joining the Government Saving Bank to initiate home loan business with a low interest rate at 15%, compared to other operators at 20-30%. BFIT’s P/E was lower than its peers at 11-12x, resulting in wider upside, while offering a dividend yield of 4.2% from a dividend payment of Bt1.40.
– TISCO’s 1Q21 earnings at 1,764 million baht, increased 18.7%, was better than the forecast due to high coverage ratio and BIS at 222% and 23%, respectively, while NPLs dropped to 2.5%. The analyst expected TISCO’s 2Q21 earnings to continue edging higher, giving a target price at Bt115 per share.
– JKN announced its strategic plan to step into being a Content-Commerce Company after taking over NEW18 channel and expecting to change the name to JKN18. The company estimated its revenue to reach 5,000 million baht within three years.
– Analysts revised up JMART’s profit estimation in 2021 to 1,217 million baht, an increase of 52%, in response to anticipation of all business sectors to grow significantly. Meanwhile, SINGER’s earnings were expected to reach a new high in 1Q21 at 140 million baht and could be listed in SET100. As for JMT, its earnings in 1Q21 were expected to grow 41% and could be listed in SET50.
– The analyst expected LH to report an outstanding 1Q21 earnings at 1,750 million baht, representing an increase of 30%. Sales revenue was forecast at 7,500 million baht, buoyed by buying power from the up-mid class market. Also, LH has a high dividend yield, offering Bt0.30 per share with an ex-dividend date on May 6, 2021. The analyst gave a target price for LH at Bt9.20 per share.
 