– Analysts have a view on the Siam Commercial Bank (SCB)’s guidance. 2021 net profit forecast is raised to 35 billion baht, or an increase of 28% YoY. SCB stated that it has set a sufficient loan-loss provision for this year. Currently, SCB’s share has 40% upside.
– Jasmine International (JAS) sends its subsidiary Jasmine Telecom System (JTS) into the Bitcoin Mining business, aiming to be the center of the largest Bitcoin Mining Farm in Southeast Asia by 2024. JTS has begun installation and commissioning of Bitcoin miners, and has signed a contract for an additional 500 miners, which will begin shipping and gradual installation in 3Q21. Moreover, the second phase expansion is also underway with an additional mining capacity of 5,000 machines aimed to be ready in early 2022.
– Supalai (SPALI) is expected to report its 2Q21 operating results on August 10. Analysts forecast a net profit of 1,548 million baht, up 269% YoY, mainly from the transfer of two high-margin condominium developments. As a result, the first half of this year’s net profit would be 2,289 million baht. Analysts have given a “BUY” recommendation with a target price of 24 baht. SPALI’s Managing Director, Mr. Tritecha Tangmatitham, stated that the company plans to open twenty-two new projects for a total of 24,820 million baht in the second half of 2021. While sales income is predicted to reach 13,000 million baht in the first half of 2021, an increase of 8%.
– Siam Technic Concrete (STECH) closed the first trading day 17.99% higher. Mr. Watchai Mongkolsrisawad, the company’s Chief Executive Officer, stated that STECH will pursue mega project bids in order to increase its existing backlog of 900-1,000 million baht. Additionally, the company aims to develop two new plants by 2024 in an effort to expand its production capacity by 30%.
– AstraZeneca writes an open letter to reaffirm that Thailand should be able to supply 5-6 million doses of the Covid-19 vaccine per month. The company stated that it has already delivered 11.3 million doses to Thailand and plans to give an additional 2.3 million doses this week. Meanwhile, the Government Pharmaceutical Organization has signed the contract to purchase 5 million doses of Moderna vaccine, which are all expected to arrive in 4Q21. Analysts recommend the best 19 stocks for investing amid Covid-19 outbreak, such as SCGP, BDMS, TVO, SAPPE, TU and NER.