Kaohoon’s Top News on September 28, 2021
Top news from “Kaohoon Turakij Newspaper” to start the trading day on September 28, 2021
– Finance stocks fell again on concerns about SCB’s business restructuring into SCBx as a holding company and China’s central bank’s announcement that all cryptocurrency transactions are illegal, resulting in losses for MTC, SAWAD, KTC, TIDLOR, AEONTS, and XPG. Mr. Adisak Sukumvitaya, Chief Executive Officer of JMART, indicated that SCBX will have no effect on the group and that synergy with BTS will proceed as planned. Meanwhile, investors paraded to KBANK, speculating on the possibility of the bank being transformed into a holding company.
– On Monday (September 27), the Centre for Covid-19 Situation Administration (CCSA) approved adjusting curfew hours to 22:00-04:00, extending opening hours for shopping centers and convenience stores until 21:00, and allowing 10 more businesses to reopen, including a spa, a cinema, and live music in a restaurant. The CCSA also reduced the quarantine duration to a minimum of 7 days, starting October 1, 2021. Analysts believe MAJOR, SPA, CPALL, CRC, CPN, BTS, BEM, CENTEL, MINT and M will benefit from this latest COVID-19 relaxation.
– NRF, through its subsidiary City Food, acquired 66.7% of the ordinary shares of Botany Studio for 36 million baht with the purpose of producing and distributing pet foods. The company anticipates that the domestic and international markets will continue to grow and expand in the coming years. Revenue will be recognized in 4Q21.
– The PTT group’s stocks rallied yesterday (September 27) in response to an increase in oil prices, with TOP leading the way with a 5% gain. Brent is expected to reach US$85 per barrel in 4Q21, according to market speculation. Analysts recommend a “BUY” rating on all PTT stocks.
– Following the completion of IATA studies, AOT seeks to proceed with all three of its Suvarnabhumi Airport capacity expansion projects totaling 56.9 billion baht. Inadequate facilities were found to be critical in the study.
– TEAMG is preparing to bid on numerous mega projects in 4Q21, demonstrating a strong backlog of more than 3,592 million baht. The company maintains its revenue target of 1,800 million baht this year.