Kaohoon’s Top News on July 9, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on July 9, 2021.

Prayut Chan-O-Cha to decide whether full lockdown will be imposed today (July 9), while Deputy Prime Minister and Public Health Minister Anutin Charnvirakul gives support to announce curfew and close the risk areas. Nikkei Covid-19 Recovery Index ranks Thailand at the bottom in infection management and is far from recovery from the crisis.

Analysts recommend 11 safe stocks to buy that are anticipated to benefit from a weak Thai baht, including KCE, HANA, TU, ASIAN, ADVANC, BDMS, BCH, CHG, EKH, GPSC and TVO.

Sermsang Power Corporation (SSP) is confident that “Dr. Pongsak Thammathatchaaree and UOB Kay Hian Private Limited” would make long-term investments consistent with the company’s expansion strategy. This year, it is anticipated that around 2 billion baht will be invested through the sale of PP capital increase and the conversion of SSP-W1 rights.

The company intends to complete two renewable energy projects in Thailand and abroad in the near future, increasing production capacity to 400MW by 2024.

Singer Thailand (SINGER) expects to report record earnings of 172 million baht in 2Q21, up 50%, as a result of peak season sales for air conditioner and refrigerator. Analysts have given a target price of 50.00 baht.

National Broadcasting and Telecommunications Commission (NBTC) ignores Digital Economy and Society Minister Chaiwut’s decision to postpone the satellite orbit auction after the board resolved to extend the period for requesting documents by another 30 days and to defer the auction until August 28, 2021, to allow interested parties to compete freely. NBTS, also, clarified that this auction is a legal obligation.

Asian Sea Corporation (ASIAN)’s earnings are expected to remain strong, owing to increased frozen food and pet food sales. Additionally, the company aims to extend its business strategy, with a primary focus on Asia and Europe. ASIAN is confident that total revenue will increase by at least 10% this year as a result of the weak baht. Analysts reiterate their “BUY” recommendation on ASIAN, increasing the target price to 18.70 baht.

The Department of Mineral Fuels urges “Chevron” to allow “PTTEP” access to the Erawan field, citing the risk of production disruptions and looming fears of failing to reach the PSC contract’s 800 million cubic feet per day production target.

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