– The share price of TU closed yesterday flat but was considering an outperform performance as yesterday was the ex-dividend date in which the company will offer a ฿0.32/share dividend payment. Moreover, the P/E of TU dropped to 13-14x from its usual 20x, while the dividend yield increased to 3.90-4% from the usual of 3%. The director also expected the 2H20 performance will continue to grow.
– RATCH is reportedly rushing to close the negotiation for a gas-powered power plant in Myanmar with a capacity of 100-200 MW, while expecting to ink the deal of 1,320 MW power plant in Quang Tri, Vietnam in September. The Board of Directors also approved a dividend payment of ฿1.15/share with an ex-dividend date on September 3, 2020, and payment date on September 23, 2020.
– BCH is expecting the 3Q20 earnings to reach a new high due to a high season with increasing patient numbers. Meanwhile, the company will also open a new hospital with an increase in the disbursement of social security benefits and a greenlight for medical tourists.
– The Central Bankruptcy Court to settle the rehabilitation case of THAI on September 14 after the last day of the examination yesterday. Mr. Chansin, Acting President of THAI, stated that the company will assist all customers and creditors the best it can if the rehabilitation plan gets the approval.
– S&P Global Ratings revised up TMB’s corporate rating from BBB- to BBB, following the positive revision from Moody’s earlier. The revision was due to the development of the merger between TMB and Thanachart was in line with the planned schedule. Meanwhile, analysts viewed TMB to have a strong funds management with a 18.6% return in stocks, giving a target price for TMB at ฿1.30/share.