Kaohoon’s Top News on October 5, 2021

– After fears about the impact of SCBX faded, investors, particularly institutions, returned to finance stocks such as TIDLOR, SAWAD, and MTC. Analysts estimate that it will take around two years for a commercial bank’s subsidiaries to compete for significant market share. The debt collection scheme, on the other hand, would have a direct effect on KTC and AEONTS. Analysts have given a “BUY” rating on TIDLOR (TP: 44 baht), MICRO (TP: 11.4 baht), JMT (TP: 56 baht) and SINGER (TP: 54 baht).

– With confidence that sales would grow by 20-30% in 2021, UBE is interested in pursuing new business expansion opportunities such as mergers and acquisitions (M&A) in the near future.

– BGRIM bought a 90% share in Visa Max Solar Sp.z. for the purpose of developing the ZEL1-14.1MW wind farm in Poland. Revenue recognition is scheduled to start in 2023. Besides that, BGRIM is seeking the completion of two additional projects totaling 70MW in installed capacity.

– The Investment Analysts Association released a survey of 27 analysts and investment managers on the Thai stock market, indicating that advancements in vaccinations will lift the SET index to 1,648 points by the end of the year, and to 1,754 points by 2022. Profits from listed companies are predicted to increase by 12.73%, and the analysts recommend four standout stocks: AOT-BEM-CPALL-KBANK.

– Today marks the start of SVT trading on the SET Index. The company sought to use the funds for business expansion to install automatic vending machines, bringing the total to 20,000 by 2023. Analysts forecast net profit growth of 43% on average between 2021 and 2023, giving a target price of 3.10-3.50 baht.

– The Energy Policy Committee has frozen diesel prices not exceeding 30 baht per liter from 11 to 31 October this year, and has also announced new measures to reduce the amount of money in the fuel fund, modifying the grade of diesel B10 and B7 to B6, lowering the price to 28.29 baht per liter. According to BBGI-EA-PTG, B100 sales will have a temporary impact.