Kaohoon’s Top News on April 21, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on April 21, 2021.

GULF stated that the company will proceed with the tender offer for INTUCH even without Singtel’s interest in selling its shares at a proportion of 21%. The company emphasized that the decision to acquire INTUCH was due to a satisfying dividend payment, while expecting further business synergy to create a full-cycle infrastructure. The analyst recommended “BUY,” expecting the acquisition to add Bt4.00 to GULF’s share price.

Furthermore, GULF also announced that the company had acquired an additional 2% of PTT NGD with a total investment value of 130 million baht.

KBANK reported a better-than-expected 1Q21 profit at 10.6 billion baht, representing an increase by 44%. The analyst expected 2Q21 earnings to continue growing from the lower provision. Meanwhile, TMB’s earnings at 2.78 billion baht also beat the analyst’s estimate as well.

BPP announced a commercial of date of IGCC Power Plant with a total production capacity of 543MW in Japan. As for EP, the company revealed that its wind farm project in Vietnam with a total production capacity of 160MW will be ready for commercialization in 2H21.

– The Thai government made an adjustment in distributing Covid-19 vaccine, expecting to import upto 100 million doses by the end of this year after the new outbreak pushed active cases higher.

– The Government Saving Bank stated that the bank has yet to negotiate with any companies, including BFIT, but admitted that the bank has a concept to expand to low-interest rate home loans.