Kaohoon’s Top News on April 5, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on April 5, 2021.

The analyst recommends “BUY” on GULF as it is still laggard and a target price of ฿40.00/share, expecting 1Q21 earnings of 1.5-1.6 billion baht, making a turnaround from a loss of 413 million baht in 4Q20. While full-year revenue is estimated at 48,460 million baht, an increase of 48% YoY, pushing a net profit in 2021 to 7,738 million baht, increasing 67% YoY, as it has no pressure from the IPP project. 


– CGD is expected to make a turnaround this year after analysts forecasted earnings from 2Q21 onwards to leapfrog growth. Also, CGD is set to book more than 10 billion baht backlog of Four Seasons Private Residences. Besides that, the company has approved the issuance and offering of warrants no.5 (CGD-W5) in the amount of 1,653 million units to existing shareholders in proportion to their shareholding at the ratio of 5 existing shares to 1 unit to support the investment expansion of CGD. The XW is scheduled on April 8, 2021.


– DBS Vickers Securities suggests to eye on 11 listed companies that could be significantly  affected by the political tension in Myanmar, including BBL, KBANK, MEGA, OSP, SCC, BA, AEONTS, DELTA, etc.


– BTS sent the second letter to Bangkok Metropolitan Administration (BMA) asking for the payment of 30 billion baht debt for the Green Line operations as the deadline for pay off has already passed. However, there is still no update from BMA.


SET” will announce the new free float criteria this week to be effective from July 1, 2021. Analysts foresee stocks listed on SET50 and SET100 that have a free float more than 47% to be benefited from the criteria amendment. Also, analysts set to increase weight on BANPU and KKP in anticipation of entering SET50. 


– GUNKUL targets to book a revenue of more than 20 billion baht over the next five years and market cap to reach 60 billion baht, paving the way to be included on SET50. Additionally, the company expects to push forward the CBD business in 3Q21. The analyst rates “BUY” on GUNKUL with a target price of ฿4.50/share.