Kaohoon’s Top News on February 18, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on February 18, 2021.

PTTGC expressed confidence that the revenue this year will grow more than 10% in accordance with a ramp-up production and product prices are expected to increase, while emphasizing a sufficient cash on hand for more Mergers and Acquisitions (M&A) in 2021. For the petrochemical complex project in the US, PTTGC expected it to finish in the middle of this year. Meanwhile, PTT set to report a 2020 performance result today (Feb 18), analysts estimated 4Q20 earnings of 17 billion baht, and 45 billion baht for the full-year net profit, a decrease of 51% YoY. However, there is a bright prospect for 2021 earnings.

 

TQR’s share price hit the ceiling of 200% at ฿15.30/share on its first trading day, breaking a record in 7 months. Chief Executive of TQR said the company expected an insurance business to continue growing this year, and projected to maintain an average growth rate of not less than 30% per year. Also, TQR planned for an additional M&A to drive up the company’s profit. 

 

MTC reported a record net profit of 1.3 billion baht in 4Q20, an increase of 21%, and targeted for another new high this year. Despite an intense competition, MTC was still satisfied with its customer base of more than 2 million people, and will continue a capital increase of Muangthai Leasing from 500 million baht to 1,000 million baht. The Board of Director has approved a dividend payment of ฿0.37/share.

 

STASTGT showed outstanding earnings for the full-year 2020. STA rebounded to book a net profit of 9,531 million baht, making a turnaround from a net loss a year earlier, and offered an additional dividend payment of ฿1.75/share. While STGT’s 2020 performance has reached a new high in 30 years with a net profit of 14,400.9 million baht, an increase of 2,245.8%. The Board of Director has approved a dividend payment for 4Q20 of ฿2.00/share.

 

Ministry of Energy said the conduct of any renewable plant projects in EEC and solar farm projects in Ratchaphatsadu Land must proceed under the Power Development Plan (PDP). 

 

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