Kaohoon’s Top News on August 23, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on August 23, 2021.

Banpu Power (BPP) is ready to achieve COD for three more renewable power plant projects with a combined installed capacity of more than 700MW by 2021 and strives to continuously expand the power generation capacity to achieve the target of 5,300MW by 2025. Mr. Kirana Limpaphayom, Chief Executive Officer of BPP, said that BPP will continue to operate efficiently in the second half of this year, and expects to book additional 700MW from 3 projects includes the Temple I gas-fired power plant in Texas, US, with an equity-based power capacity of 384MW, the Shanxi Lu Guang power plant (SLG) in China, with an equity-based capacity of 396MW and the El Wind Mui Dinh wind power plant in Vietnam with a capacity of 38 MW – which are expected to achieve COD in 3Q21. 

PTT Global Chemical (PTTGC) is convinced that its revenue will achieve the 8-10% growth target this year, thanks to a highly steady oil price that drives up the price of petrochemical products, while a tender offer for Vinythai (VNT) shares will begin in 4Q21. Analysts expect the company to contribute an interim dividend payment of 1.50 baht per unit. Meanwhile, in the second half of 2021, Thai Oil (TOP) forecasts a stronger performance as a result of recovery in refineries and petrochemical production.

T Engineering Corporation (T) approved the issuance and offering of newly issued ordinary shares to five specific investors on a private placement basis of not exceeding 54,044 million shares, equivalent to 83.15% of the total issued and paid-up shares of the company, paving the way for major investors from Lao People’s Democratic Republic Mr. David Van Dau and the wife Mrs. Panicha Dau. After the acquisition shares under the PP Transactions, Mr. David and Mrs. Panicha will hold 80.00%. 

I&I Group (IIG) aims to grow revenue to 2,000 million baht by 2024, up from 650-700 million baht this year. The company now has a backlog of 250 million baht. Additionally, IIG anticipates concluding more mergers and acquisitions transactions in the second half of 2021. Meanwhile, AMR Asia (AMR) is confident that it will record a brighter profit this year, bolstered by fresh acquisitions totaling 527 million baht, bringing the company’s backlog to 2,024 million baht.

Forth Corporation (FORTH) to aggressively expand its electronic monitoring bracelets (EM bracelet) rental business, citing an opportunity to create additional jobs. The company presently has a backlog of 2,300 million baht and intends to bid on another 9,700 million baht project, with 70% of the work expected.

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