Mr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, is skeptical of the government’s vaccination plan, which he believes will delay economic recovery until 2023. Also, Mr. Payong Srivanich, Chairman of the Thai Bankers’ Association and President of Krung Thai Bank (KTB), saw rapid vaccine importation and vaccination as critical factors of economic rebound. Meanwhile, Mr. Suphachai Chearavanont, Executive Chairman of the Charoen Pokphand Group (CP), stated his support for all alternative vaccines, whether Sinoparm, Pfizer, or Moderna, as a means of assisting Thailand in overcoming the crisis.
Simultaneously, Prime Minister Prayut affirmed that the AstraZeneca inoculation will take place on June 7, 2021, as scheduled.
Will Prayut and his Cabinet dare or not to propose a draft contract extension for the Green Line concession for another 30 years at today’s cabinet meeting (June 1)?. While BTS stated that the 65-baht fare is reasonable and comparable with other mass rapid transit fares. The company did disclose, however, that if the concession is granted, BTS’s debts may be converted into investments. The Foundation for Consumers, on the other hand, argued that the 65-baht fare was too expensive.
BCPG anticipates a 30-40% growth in EBITDA this year, driven by revenue from a new project in Thailand with an installed capacity of 11MW and three projects in Japan with a combined production capacity of 65MW. COD for the aforementioned projects is planned to begin in 4Q21. The company has set an investment budget of 18 billion baht for 2021, with the goal of completing additional M&A deals.
Interlink Telecom (ITEL) has received an announcement from the Royal Thai Police for the procurement of 11 operating vehicles equipped with a one-sensor unmanned aerial vehicle detection system, an unmanned aerial vehicle control signal interference system, and a portable unmanned aerial vehicle (Drone Gun), by the value of 552.69 million baht, with contract signing expected in June 2021.
The company stated that this project will boost the backlog to 4,197 million baht, and that it is certain that the 2021 revenue target of 2,800 million baht will be achieved. Meanwhile, J.R.W. Utility (JR) has been awarded four new projects totaling 132 million baht, indicating that the company is hopeful that this year’s operating performance will set a new record.
Gunkul Engineering (GUNKUL) identified a decline in share price as a chance to accumulate following the approval of a 99.04 million share repurchase program from June 14 to October 23, 2021. Additionally, the company reaffirmed its strong financial position for potential business expansion, indicating an excellent performance in 2Q21 and a 20% increase in full-year revenue.
STGT, IRPC, KCE and STA are a shoo-in to enter the SET50 in this upcoming mid-June recalculation, while the other 9 stocks, including STGT, RCL, PSL, PTL, SYNEX, SINGER, ICHI, TKN and AAV have a high possibility of entering the SET100.