Kaohoon’s Top News on March 8, 2021

– TMB makes an aggressive move in 2021, estimating 2022 earnings to reach 20 billion baht, while stating that the key profit drivers for this year is a ramp-up fee revenue and auto loan. However, analyst sees TMB still laggard among banking sector, giving a target price of ฿1.30/share. In addition, TMB has approved a dividend payment at the rate of ฿0.045/share (yield 3.8%) with an XD on April 29, 2021.


 Analyst sees SINGER’s momentum to continue, expecting 2021 earnings to reach new high of 637 million baht, an increase of 44% YoY, from an estimated title loan growth of 15-16% and a proper debtor management that would reduce NPL ratio to 3.4%. Therefore, analyst maintains a “BUY” recommendation on SINGER, but revised up a target price to ฿40.00/share.


 As PTTEP is facing difficulties to enter the Erawan field which could impact the continuity of natural gas production, PTT said that the company has closely monitored this problem and is negotiating with other natural gas producers in the Gulf of Thailand to increase production capacity in preparing for the transition period in April 2022. PTT is also hastening the LNG Terminal construction to be ready for use by 2Q22. 


– TMI’s share price hit the ceiling on Friday 5, March to close at ฿1.23/share, increasing by 29.47%, in response to an unstoppable growth trend. “Theerachai” is confident revenue in 2021 will grow 20%, disclosing the 1MW biogas power plant in Samut Sakhon province will commence the COD in March, driving a total installed capacity of TMI to 2.4MW. Furthermore, TMI is preparing to increase its export volume. 


– BEAUTY affirms to turn a profit again this year, expecting a full-year revenue to grow by 5% following an efficient cost reduction. BEAUTY plans to achieve the year 2021 through three key strategies including the launch of hemp-based beauty products. 


 “Kaohoon Turakij” has compiled a list of 9 property stocks that delivered an outstanding performance and dividend in 2020 despite the Covid-19 outbreak as follows: NCH, ESTAR, PRIN, CMC, LALIN, KUN, AP, SENA and SA.

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