Kaohoon’s Top News on February 3, 2021

– Mr. Adisak Sukumvitaya, Chief Executive Officer of Jay Mart Public Company (JMART), sold 76 million shares of JMART, representing 7-8% of the company’s paid-up capital, for a total value of 1.57 billion baht to seven institutional investors. The CEO stated that the disposition was to utilize the fund to exercise JMART’s warrants, which will recover 5-6% stake after the exercise, affirming that the company will grow stronger.

Meanwhile, the coming of KB Kookmin will raise institutional investors’ confidence. The share price of JMART, SINGER and J all rose in yesterday’s session.

– Retail investors oversubscribed OR’s IPO in a record over 530,000 transactions with a total subscription value over 35 billion baht from the availability of 16 billion baht. The analyst expected retail investors will earn an average of 2,000 shares per person. Today, OR has revealed that the final price of its IPO at ฿18.00/share.

PTTGC expected 4Q20 results to outperform in every business sector, which will boost the sales revenue in 2020 to record higher than projected. Meanwhile, the company forecast a 8-10% growth in 2021 revenue, following the increase in production capacity. The analysts estimated PTTGC to report a net profit of 6.1 billion baht in 4Q20, an increase of 54% YoY and 600% QoQ.

ALL was confident that the income from transferring projects in 2021 will reach 4,000-5,000 million baht after hitting the bottom last year, while reporting a backlog over 10 billion baht. The sales revenue this year is expected to reach 7,000-8,000 million baht, targeting to kickoff 5-7 projects, totaling 6,000-7,000 million baht.

BANPU affirmed that its production capacity will reach 6,100MW within 2025 from the current level of 3,100MW and will raise the proportion of natural gas to 50% from the current 16%.

STARK expected the business to reach a record high in 2021 with a revenue growth around 15-20%. The company advanced in increasing production capacity in Vietnam and planned to penetrate the U.S. market, while holding 9 billion baht worth of backlog.


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