Kaohoon’s Top News on November 18, 2020

– SAWAD and GSB jointly invest in auto-title loan business with a credit of 200,000 baht per unit and an interest rate of 18%. Meanwhile, the analyst expected the move will impact the non-bank sector, especially to the bottom line in 2020 to go down by 1%. As for MTC, the company expressed no concerns regarding the matter, expecting no impact to the refinancing.

– BTS and BEM are expected to receive positive factors from easing coronavirus measures in Thailand. BTS reported a recovery of net profit to 765 million baht in FY2Q20, increased 72.5% from the previous quarter, while BEM reported a net profit of 822 million baht in FY3Q20, increased 440% from the previous quarter.

– SUPER expected to commercialize the operation of its solar power plant projects with a total capacity of 550MW in Vietnam within 4Q20. The COD would drive SUPER’s operating revenue to a new high, while the executive stated that SUPER’s revenue would grow 15-20% this year. The Board of Directors also approved a disposal of 50.99% stake in SWEC1 in Vietnam to book 272 million baht.

– MINT revealed that the performance in 4Q20 will have a better direction from the previous quarter. Also, the company expected this year to reduce expenses by approximately 35% from the previous year or approximately 40% of this year’s expense budget while emphasized having Bt30.0bn in cash on hand, with a credit limit of Bt25.0bn, including a reduction of investment budget to Bt4-5bn per year.

– KTC expected 2021 net profit to soar above this year’s profit as the analyst revised up net profit forecast by 3-4% due to a better outlook in “Pee Berm”, which is expected to expand its portfolio over 1 billion baht.