Due to the recovery of refinery market GRM and petrochemical product spreads, PTTGC is anticipated to record a net profit of about 10 billion baht in 1Q21. It is recommended to keep an eye on PTT, as its net profit in 1Q21 could increase 130% as natural gas demand recovers.
TOP, meanwhile, reported a net profit of 3,360 million baht in 1Q21, while IRPC reported a net profit of 5,580 million baht and OR earned a stunning net profit 4,000 million baht.
North East Rubber (NER) earned a net profit of 366.50 million baht in the first quarter of this year, a 511.96% increase due to capacity expansion. Earnings at J.R.W. Utility (JR) increased 421.91% to 54.81 million baht. The company’s skyrocketing growth came after it embarked on a massive project.
Meanwhile, Interlink Telecom (ITEL) reported a strong net profit of 45.91 million baht, assured that full-year sales would exceed the company’s growth target of 20%-30% to hit 2,800 million baht.
Winnergy Medical (WINMED) had a tremendous first trading day. The share price increased by over 90% to 5.90 baht per share. It reflected sound business. WINMED is an importer and distributor of machines and equipment for storage, analysis, diagnosis, and medical treatment. The company is confident that its revenue will grow by more than 20% this year.
According to rumors, the Ministry of Finance will lobby for approval of Thai Airways (THAI)’s rehabilitation plan in order to thwart the Transport Ministry’s plans to establish a new national flag carrier. Likewise, the Finance will proceed with the proposal to reestablish THAI’s state-owned status.
Singer Thailand (SINGER) to announce 1Q21 results today (May 12), with earnings expected to reach a record high of 140 million baht, up 62%, mainly attributable to the auto title loan business unit, whilst franchise revenue increased 100%. Additionally, SINGER is bullish that the business will join the SET100 by mid-2021.
Meanwhile, B.Grimm Power (BGRIM) is due to sign a power purchase agreement (PPA) this year for a combined 76 megawatts of installed capacity. Analysts projected BGRIM’s net profit to reach 465 million baht in 1Q21, a 476% rise.