Kaohoon’s Top News on August 31, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 31, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 31, 2021
31 ส.ค. 2564

– BTS will forward the project of using the digital token JFIN Coin within the BTS group commencing in 1Q22 following a successful partnership with JMART. Meanwhile, Mr. Kavin Kanjanapas, Director of U City, disclosed that the company’s investment plan is shifting away from real estate to financial investments. JMART has set a target for annual growth of 50% over the next two years, which does not include the potential of additional profits that could result from the company’s relationship with BTS.
– NRF anticipates the conclusion of four more e-commerce acquisition deals with a combined investment value of 300-400 million baht, bolstering second-half profitability. Additionally, by taking advantage of a weak baht, NRF’s income is expected to increase by at least 50% this year.
– WINMED predicts a brighter outlook in the second half of the year, as the high season of the company’s business is due to arrive. The company believes that this year’s revenue will increase by at least 20%, while maintaining a high gross profit margin of 45-50%. They plan to expand new businesses (New S-curve) in the future, in the hopes of generating more income.
– Analysts anticipate a massive selloff of 3.6 billion baht from Passive Fund today (August 31), as MSCI Rebalance reduces the weight of nine big-cap stocks: PTT, CPALL, SCC, AOT, ADVANC, BDMS, DELTA, PTTEP, and PTTGC, and eliminates BBL-F from the calculation. As a result, the market may be volatile.
– Airlines to resume domestic service following the Civil Aviation Authority of Thailand announcing that some domestic flights to and from Bangkok and other high risk areas are allowed to re-operate from September 1, 2021. BA announced the resumption of its five routes immediately from September 1 onwards, while AAV is set to resume its domestic flight operations under strict travel conditions starting September 3. Analysts see a rebound in domestic tourism, which would support AAV to speed up its recovery in 4Q21. 
– RBF completes another significant transaction, signing a contract with ICHI for the long-term supply of hemp CBD extracts. Meanwhile, Mr. Tan Passakornnatee, Chairman of the Board of ICHI, said that it would lead to the opening of the CBD beverage market, as well as to the expansion of the OEM production line for small-scale customers, which would enable the company to export its products and create inflow to the country, with the intention of fully supporting Thai agriculture.