AEONTS reported a net profit for FY2Q20 (June – August 2020) at 966 million baht, which was 3% higher than analysts had anticipated. The increase was mainly contributed by continued growth of bad debt recovery and efficient control of the operation cost as well as the relaxation of lockdown measures. The Board of Directors also approved a dividend payment at ฿1.85/share to be paid on November 5, 2020. Tisco Securities upgraded AEONTS’ target price at ฿180.00/share.
TKN’s share price rose 26% on October 7, 2020, as investors made a speculative buy over the rumors of being taken over by a certain sparkling water company. Meanwhile, the Itthipat Peeradechapan, CEO of TKN, denied the rumors and affirmed that there was no such deal as of now. Analysts expected TKN’s business to recover in 2H as demand from China started to return, giving a target price at ฿15.40/share.
GULF acquired an additional 320.65 million shares of INTUCH, pushing the position to a total of 10% stake in INTUCH while expecting to book a dividend around 384-416 million baht for the 2H20 operations. GULF also announced an establishment of “Gulf1” to penetrate the solar farm and solar rooftop businesses.
BTS announced that the company recorded 800,000 riderships a day, showing an improve since the coronavirus pandemic and expecting the number to reach 200 million ridership in 2020, which would be a decrease of 10% compared to the previous year. The company also reported its latest development for its North Green Line by running a test trip from Wat Phra Sri Mahathat Station to Ku Kot Station, expecting to initiate the first trip in December as scheduled.
The Securities and Exchange Commission (SEC) proposed to the Ministry of Finance to amend the Provident Fund Act, which would allow employees to get a loan from the Funds rather than a loan shark during the impact from the coronavirus pandemic.
