Kaohoon’s Top News on August 11, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 11, 2021.

Advanced Info Service (ADVANC) revealed during a video conference with investors on August 10 for “Opportunity Day” that the company is currently conducting a feasibility study for the sale of its assets in order to establish an infrastructure fund, following True Corporation (TRUE) and Jasmine International (JAS)’s lead. The analyst suggests that ADVANC’s profitability and dividend payment would be impacted by increased network rental costs combined with depreciation.

As the season for consolidated financial statement announcements has come, Kaohoon Turakij has compiled a list of the top 2Q21 profits growth stocks, topped by IRPC‘s turnaround to 4.5 billion baht in net profit. PTT Oil and Retail Business (OR) came in second with 3.2 billion baht, follow by Sri Trang Gloves (Thailand) (STGT) with 7,280 million baht, Super Energy Corporation (SUPER) with 818 million baht, and Bangkok Dusit Medical Services (BDMS) with 1,452 million baht. Meanwhile, Land and Housed (LH) reported a net profit of 1,869 million baht.

Central Pattana (CPN) recorded a net profit of 1,269 million baht, up 172%, and total revenue of 6,364 million baht, up 34% in 2Q21, owing to cost management effectiveness. The company is in the process of developing two projects, with expected an opening for sales in 2H21 onwards.

PTT Global Chemical (PTTGC) announced the successful collaboration with the US agribusiness company Cargill Inc. to establish a biopolymer production facility with an annual biopolymer capacity of 75,000 tonnes worth more than 20 billion baht. The operation is due to begin in 2024. 

Jasmine Telecom Systems (JTS)’s earnings jumped 321% to 37.32 million baht in 2Q21, mainly from the acquisition of JasTel Network (JASTEL). The company will move forward to seize the bitcoin mining business and change the name to “Jasmine Technology Solution”. Jasmine Broadband Internet Infrastructure Fund (JASIF) reported a 2Q21 net profit of 4.4 billion baht, and approved an interim dividend payment of 0.24 baht with an XD on August 20. Meanwhile, Jasmine International (JAS) posted a net loss of 910 million baht.

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