Kaohoon’s Top News on July 29, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on July 29, 2021.

SCG Packaging (SCGP) reported a net profit of 2,263 million baht in 2Q21, an increase of 19%, pushing earnings for the first half of 2021 to 4,398 million baht, up 21% from the same period of last year. Additionally, the Board of SCGP’s Directors has approved a 1H21 interim dividend payment of 0.25 baht. SCGP’s Chief Executive Officer, Mr. Wichan Jitpukdee, stated that the company expected revenue for this year at 100 billion baht after recording 57,148 million baht revenue for the first half of 2021. SCGP expects to close two deals in the third quarter and five additional overseas deals next year to boost revenue to 18 billion baht.

Despite the diluting effect of being placed on the XR sign, buying pressure  buoyed up Xspring Capital (XPG) to the ceiling, up 30% to trade at 3.86 baht per share on Tuesday, July 27. According to a source close to XPG, Mr. Rathian Srimongkol, the company’s Chairman, was responsible for the stock turnaround, which resulted in a capital increase of more than 7 billion baht this time. Additionally, he/she who is closest to the matter advises investors to acquire W4.

Home Production Center’s (HMPRO) second-quarter earnings increased 52% to 1,432 million baht, bringing in a net profit of 2,795 million baht for the first half of 2021, a 26.52% gain. The improvement was primarily due to an increase in total sales revenue by 10.37%. Analysts recommend a “BUY” rating on the stock, with a target price of 16 baht.

– LOXLEY overjoyed after the Government Lottery Office agreed to compensate it with 1,654 million baht, together with interest at the rate of 7.5% per year, for the services of the lottery games system to LOXLEY GTECH by August 2021. Interest on the amount of 444 million baht shall be paid in four equal payments during the fiscal year 2022. The first installment is due in October 2021, the second installment is due on 4 January 2022, the third installment is due on 1 April 2022, and the fourth installment is due on 1 July 2022. Analysts anticipate a significant increase in 3Q21 net profit as a result of this additional gain.

Sri Trang Gloves (Thailand) (STGT) plans to expand its manufacturing capacity to 35,800 million pieces per year by investing 11,000 million baht in four additional factories. STGT has recently begun three CODs in Surat Thani. In the second half of this year, the company expects to open new plants in Songkhla and Trang.

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