Kaohoon’s Top News on September 3, 2021

Top news from “Kaohoon Turakij Newspaper” to start the trading day on September 3, 2021

The Government Savings Bank (GSB) confirms year-end auto title loans will hit 20 billion baht despite having a COVID-19 lockdown. Meanwhile, Srisawad Corporation (SAWAD) said that a joint investment with GSB via Fast Money is a win-win situation, even though SAWAD has lowered its interest to 18-20 percent . Thida Kaewbootta, Director at SAWAD, claimed that the company is confident that profit will be geared for double-digit growth this year following a loan portfolio restructuring. Analysts have given a target price on SAWAD at 80 baht.

Intermedical Care and Lab Hospital (IMH) anticipates a new high in operating results in 3Q-4Q, owing to the comprehensive care center for COVID-19 patients. Even though the government has already eased some of the COVID-19 lockdown, IMH warns that the potential of re-infection and a new wave of outbreaks is looming. However, it is considered a positive for the company. Analysts recommend “BUY” on IMH with a target price of 18.90 baht, expecting third-quarter earnings of 160-170 million baht.

The Government Savings Bank (GSB) successfully concluded the share swap of 11.2% stake in Dhipaya Group Holdings (TIPH). Vithai Ratanakorn, President of GSB, is confident that the TIPH investment plan will meet the Office of Insurance Commission’s investment limitation of 10%, which will improve profitability and dividends of the company. Meanwhile, TIPH will replace Dhipaya Insurance (TIP) on the SET Index later this month.

Clover Power (CV) is fully set to expand investment in renewable energy and new projects with plans to increase the total commercially-operated power generation capacity and power plants under development to a total of 85 megawatts by the end of this year. CV closed 0.51% higher on its first trading day to trade at 3.92 baht per share. 

Analysts have a positive view on energy stocks after a significant rebound in demand for crude oil and petrochemicals, recommending five outstanding equities with bright earnings outlook; GPSC, PTTEP, IVL, TOP and PTG.  

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