Kaohoon’s Top News on October 1, 2020

Top news from Kaohoon Turakij Newspaper to start the trading day on October 1, 2020.

TRUE is expected to sell an additional 3.28% of DIF in the fourth quarter of 2020 after a big lot disposition of 2.804% yesterday. The company stated that the disposition is for its working capital, while DIF’s executives affirmed that the company will offer a dividend yield at the same level. The analyst expected a dividend yield of 7.5% and recommended a target price at ฿16.90/share for DIF.

MICRO expected a surge on its first trading day while its P/E is as low as 14x. The growth rate is also expected to increase 30.6% p.a. over its hire purchase financing for second-hand trucks. MICRO’s 1H20 profit came in at 62.5 million baht, increased 52.1% from the same period last year. Analysts expected a fair value for MICRO at 3.20-3.78 baht per share.

SET reaffirmed the resume of the normal short selling and floor & ceiling limitation as the stocks have less fluctuation and the coronavirus pandemic started to stabilize.

BOT is concerned about the lack of the Ministry of Finance for too long and would affect the Thai economy, while expecting the special visa for tourists would not have a significant impact on Thai GDP this year. The Central Bank forecasted Thai GDP to contract 8.5%.

– The analyst expected PTTEP’s net profit in 3Q20 at 5.9 billion baht, an increase of 36% from the previous quarter as its production increased and the average selling price started to recover.