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.
STA–STGT 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).