Kaohoon’s Top News on December 14, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on December 14, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on December 14, 2020.
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– PTT expected an outstanding rebound in next year’s revenue, while the analyst estimated the company to report a net profit of 77 billion baht, increased 93% from the 2020 net profit forecast at 40.3 billion baht. The increase was expected to come from the contribution of PTTGC, TOP and IRPC due to higher stock gain and the increase in value from the listing of OR. The analyst gave a “BUY” recommendation on PTT with a target price at ฿48.00/share.
– STGT revealed that the pre-order for its rubber gloves was fully booked until the middle of 2022, expecting to consequently support its revenue and profit to make a new high in 2021 as its sales would grow 15% to more than 28,000 million pieces in response to higher demand. The company will propose to its shareholder on December 25, 2020, to approve a par split at THB0.50 from the current par value at THB1.00. Meanwhile, STA projected its revenue in 2021 to reach 100 billion baht, an increase of 25% from 2020.
– CPF signalled for a spike of revenue in 4Q20 as the company expected to recognize an extraordinary item from its investment in Chinese swine business around US80 million dollars. Meanwhile, the company projected a 8-10% growth for its sales revenue in 2021, supported by its businesses in 17 countries and the Tesco Lotus investment.
– The Stock Exchange of Thailand (SET) added IIG, JR and MICRO under the cash-balance measure, effective from December 14, 2020 until January 22, 2021.
– FTSE All World increased its weight on BH, SAWAD and TU, effective December 18, 2020, with an estimate of 153 million baht fund inflow.