Kaohoon’s Top News on July 2, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on July 2, 2021.

Investors were panicking, leading to a dramatic decline in the price of BANPU yesterday (July 1). Following the announcement of the Board’s decision to increase the capital by 5,074.58 million shares, the share fell 14.74%. The newly issued shares will be made available to BANPU’s existing shareholders.

BANPU anticipates raising an additional fund of approximately 31.7 billion baht to strive forward firmly in order to achieve sustainable growth in accordance with its strategic goal.  Analysts forecast a short-term drop in BANPU’s share price, lowering their target price as XR dropped to 10.50-11.00 baht per share.

Sabuy Technology (SABUY) and T.K.S. Technologies (TKS) formed a joint venture to grow their technology businesses. Meanwhile, the investment in TBSP is expected to be concluded in September. This transaction will generate business synergies and increase SYNNEX’s distribution channel.

Thailand welcomed 350 foreign tourists at the beginning of the Phuket Sandbox program (July 1). Thai Airways has announced that its first flights from Europe will arrive in Phuket on July 3, while AirAsia has stated that if the program is successful, it will increase its flying frequency. Prayut reiterated that the country’s reopening will proceed as planned and will eventually include additional tourism attractions.  Analysts forecast a positive sentiment on airline and hotel stocks. 

Srisawad Corporation (SAWAD) collaborated with Government Savings Bank to extend the Fast Money’s car title loan campaign that offers an interest rate of only 0.49% a month until August 31, 2021. Analysts project SAWAD’s full-year net income of 5.7 billion baht, up 25.8%, giving a target price at 96.00 baht. 

Nforce Secure (SECURE) closed 51.25% higher than its initial public offering price on its first trading day, indicating the company’s solid base and growing demand for cyber security. Mr. Nakrop Niamnamtham, Chairman of SECURE’s Executive Committee, is confident that the second half of the year will continue to be successful, owing to government-private investment projects that will increase revenue by 15% this year.

Airports of Thailand (AOT) celebrated its 42nd anniversary, emphasizing the severe impact of the Covid-19 crisis on the company’s operations. For the first eight months of 2021, passengers fell 71.5% to 18.33 million, while flights fell 51.6% to 200,000. However, AOT will proceed with development of Suvarnabhumi Airport phase 2 and Don Mueang Airport phase 3 as scheduled.

Back to top button