Kaohoon’s Top News on October 9, 2020

Top news from Kaohoon Turakij Newspaper to start the trading day on October 9, 2020.

LH expected to bounce back in 3Q20 and report an outstanding performance in 4Q20 after bottoming out in 2Q. The increase will be supported by the revenue from property transfer and higher revenue recognition from hotels and community malls business that LH holds stake in joint venture companies.

The company stated that it will continue to focus on its strong point, which is a Horizontal property sector, while expecting to announce 16 more projects this year. The sales revenue in 2020 is expected to reach 28,000 million baht as projected.

Analysts recommended “BUY” rating on LH with a target price at ฿8.20/share.

BCH signalled for a better performance in 2H20 as the company received more Thai patients, while foreign patients started to come in. The company expected to book 45-63 million baht from vaccine fees after the government granted a free influenza vaccine for Thais whose age above 50. The analyst estimated BCH’s 3Q net profit at 401 million baht, an increase of 44% QoQ with a target price at ฿17.00/share on a “BUY” recommendation.

NRF believed its share price to jump above the ฿4.60 IPO price on its first trading day as the company has strong fundamentals. The analyst estimated a target price at a range of THB 5.75-8.00.

– Analysts expected stocks related to mobile, home decoration, department stores, fashion and restaurant industries to receive positive sentiment from the government’s stimulus measure: “Shop Dee Mee Kuean” (Getting Refund after Shopping) that would allow a tax reduction up to 30,000 baht.

– The share price of DELTA rose more than five times this year. Yesterday, DELTA closed at ฿195.50/share, increased 9.22%. Its Boards said that the company is considering a par splitting, while believing that investors have high confidence in the company and its performance to be better than last year due to the coming of 5G that support its business.

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