Kaohoon’s Top News on July 19, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on July 19, 2021.

Analysts forecast PTT group to report positive earnings in 2Q21, citing PTT Exploration and Production’s exceptional growth (PTTEP). The growth would be due to the rise in crude price. Trinity Securities anticipates PTTEP’s earnings to be 8.4 billion baht, up 95% YoY, thanks to additional gain from gas fields in Oman and Malaysia. Meanwhile, PTT Global Chemical (PTTGC) will benefit from the petrochemicals recovery.

Total Access Communication (DTAC) will pay an interim dividend of 1.05 baht per share with an XD on July 30, 2021, following the release of a better-than-expected second quarter financial performance. DTAC reported a net profit of 1,531 million baht, a modest fall of 19%, resulting in a net income of 2,353 million baht for the first half of this year (-30.6% YoY). Meanwhile, Krungthai Card (KTC) reported second-quarter earnings of 1,703 million baht, up 48.2% YoY, bringing the company’s net profit for the first six months of 2021 to 3,352 million baht, up 20.1% YoY.

 The Director General of the Department of Highways expects finalizing a contract for two-way O&M motorways with the BGSR group in August 2021, following completion of the Bang Pa-in route modification.

According to analysts, CK Power (CKP) would report new record earnings of 931 million baht in 2Q21, mainly due to the Xayaburi Hydroelectric Power Plant. Additionally, analysts anticipate CKP to maintain its impressive earnings growth in 3Q21.

Thai stock market is anticipated to remain fluctuating after the government imposed additional lockdowns in 3 provinces, including Chonburi, Chachoengsao and Ayutthaya. Meanwhile, Thonburi Healthcare Group (THG) reaffirmed the import of 20 million Pfizer doses.

Back to top button