Kaohoon’s Top News on February 10, 2021

Top news from Kaohoon Turakij Newspaper to start the trading day on February 10, 2021.

– The Thai Prime Minister Prayut Chan-o-cha affirmed that 2 million doses of Sinovac’s coronavirus vaccine will arrive in Thailand late this month, and will be delivered in succession. The analyst expected a widespread vaccine rollout to fasten the Thai economic recovery, and recommended six sectors to benefit from the jab namely, the property sector, retail sector, hotel and tourism sector, communication sector, transportation sector and consumer products sector. Meanwhile, the signal for fund inflow started to turn to Thailand, indicating the end of correction.

PTTEP expected the performance this year to outperform 2020, targeting higher sales by 12% to 398 billion barrels per day, while the selling price will move in accordance to the oil price. Regarding the unrest in Myanmar, the company stated that it has no impact on the Gas to Power project.

SCGP acquired 70% stake in Vietnamese “Duy Tan” to expand its rigid plastic packaging business across ASEAN. The deal is expected to complete in the middle of 2021. Duy Tan recorded over 6,100 million baht of revenue at the end of 2020.

INTUCH handed out a dividend for its 2H20 operations at a value of 1.35 baht per share, totaling 2.50 baht per share for the hold year, representing a dividend payment of 72% from its net profit. Meanwhile, the company reported a flat net profit in 2020 at 11,048 million baht.

– The analyst stated that a majority of fund management are expecting to acquire more OR’s shares in the first trading day after being unable to acquire shares up to their expectation from the IPO subscription. Meanwhile, OR’s shares are primarily required in a portfolio after the company is listed in the SET50.