Kaohoon’s Top News on September 6, 2021

– Trinity Securities recommends eleven laggard large-cap stocks that are attractive to foreign investors and funds, including BBL, KBANK, TTB, SAWAD, CPN, CRC, AOT, KTC, PTT, PTTEP, and TOP, and forecasts the Thai stock market will trade between 1,635 and 1,680 this week. Rangsiman Rome, MP of Move Forward Party, accuses Digital Economy Minister Chaiwut Thanakamanusorn during the no-confidence debate of favoring his cronies in the Thaicom satellite concession last week, while the Prime Minister and other ministers survived the third no-confidence motion.

– Analysts suggest keeping an eye on coal stocks as their earnings are expected to surge in 3Q21 after new castle coal reaches a record high of US$177.50/MT. Recommended stocks are BANPU, AGE and TCC.

– Taiwan-based CTBC Bank has acquired an additional 10.99 percent of LH Financial Group’s (LHFG) total issued and voting shares for 4.2 billion baht, bringing its ownership to 46.61 percent. LHFG approves an interim dividend payment of 0.03 baht per share, with an XD on September 10, 2021. 

– Electricity Generating (EGCO) aims to add another 1,000 megawatts (MW) to its power portfolio through further mergers and acquisitions as revenue from power plants rises. Analysts forecast a surge in EGCO’s third-quarter earnings, primarily from Linden plants in the United States, and recommend a “BUY” rating with a target price of 230 baht.

– Capital Nomura Securities recommends eleven retail stocks that are projected to gain from the new round of the Shop Dee Mee Kuen (Shop and Payback) program. While stocks such as ILM (target price: 15.30 baht), JMART (target price: 50 baht), CPN, SINGER (target price: 54 baht), MC (target price: 10.70 baht), HMPRO (target price: 17.20 baht), and CPW are expected to outperform the SET Index prior to the launch of stimulus packages.

– The selection committee for new members of the National Broadcasting and Telecommunications Commission (NBTC) has announced the names of seven candidates who have passed the selection process and will be forwarded to the Senate for approval.