– Thai stocks are expected to return from their correction in anticipation of fund inflows, as the Thai economy has already passed its lowest point and is projected to rebound in 4Q21. Analysts recommend ten big-cap stocks benefiting from fund inflow; PTT, PTTEP, PTTGC, OR, IVL, SCC, TOP, CPALL, CRC and ADVANC.
– TU and SFLEX formed a joint venture company with a registered capital of 250 million baht to manufacture and distribute flexible packaging and other related business, including the development of new packaging or products. Mr. Printhorn Apithanasriwong, Chairman of SFLEX’s Executive Committee, stated that this investment will help the company expand its market and increase revenue. The factory’s construction and machinery installation are expected to be completed by the fourth quarter of 2022, with a revenue target of 1,500 million baht by 2027.
– DIF anticipates 3Q21 earnings of 2,929 million baht, up 2%, with an 18% combined dividend and capital gain. Analysts have set a target price of 14.20 baht for DIF and 11 baht for JASIF. JASIF forecast a net profit of 2,077 million baht in 3Q21, a yield of 9.5%, and an 8.9% capital gain.
– CPANEL gained 21.67% on its first trading day, exceeding its initial public offering price of 6.00 baht. The company has budgeted 500 million baht for the new facility, which will begin production in 2023 and will serve as a flagship for future expansion. The backlog currently stands at 1,156 million baht, 200 million of which will be recognized this year. CPANEL anticipates a 30-40% increase in earnings this year, and plans to acquire additional 700 million baht projects next month.
– UBE is preparing to raise funds for the expansion of its three primary businesses: ethanol, tapioca starch, and organic farming, with a budget of 1 billion baht for the years 2021-2024. UBE also has a goal of increasing flour starch production capacity to 300 tons per day. Analysts forecast UBE’s 2021 earnings of 170 million baht, giving a target price of 2.80-3 baht.