Kaohoon’s Top News on November 9, 2020

Top news from Kaohoon Turakij Newspaper to start the trading day on November 9, 2020.

Maybank Kim Eng stated that the U.S. presidential results will trigger an “Election Rally” and would give a short-positive factor for the Thai stock market in hopes of seeing a new change with “Joe Biden” and the Democrat taking the wheel. Moreover, investors expected to see the long-awaited new stimulus bills that were delayed before the election. The security company expected PTT, CPALL, GULF, CBG, SAWAD and CRC to have outperform results in response to the Election Rally and January Effect.

JASIF reported an increase of 47% in 3Q earnings at 2.4 billion baht and an increase of 32% to 6.4 billion baht for its 9M earnings. The company recorded 71.54% higher in revenue for the quarter and offered a THB 0.25 dividend per share.

STARK approved a change in par value from THB 0.50 to THB 1.00, while issuing 4-year STARK-W1 for over 3,968 million shares at a ratio of 3:1 for its shareholders. The exercise ratio is 1:1 at an exercise price of THB 5. The issuance is to fund for STARK’s future expansions.

– As BAM expected to report its 3Q earnings on November 13, 2020, the source forecasted BAM to report earnings of 1.76 billion baht, an increase of 100% YoY, making a new high for its profit. The increase is mainly due to a recognition of DTA for the quarter, while the company is expecting to book 1 billion baht from asset selling in the fourth quarter of 2020.


Back to top button