Kaohoon’s Top News on February 8, 2021

– The result of an allocation of PTT Oil and Retail Business Public Company Limited (OR)’s IPO came out better than expected as retail investors would receive an average of 4,500 shares. Meanwhile,  the Government Pension Fund (GPF) and the Social Security Office (SSO) received the allocation as anticipated. The analyst recommended mid and major investors that failed to subscribe OR’s IPO to purchase on the first trading day instead. In addition, the analyst viewed OR as a potential stock, expecting a robust first trading day and giving a target price at ฿24.00/share.

– The market expected ADVANC to report its yearly financial statement today with an estimated dividend payment from 2H20 operation at ฿3.20/share. The analyst forecast ADVANC 4Q20 to report a net profit of 7,250 million baht, an increase of 3% due to lower expenses. Meanwhile, ADVANC’s net profit in 2020 is expected to decrease 12% to 27,407 million baht. The analyst recommended “BUY” at ฿218.00/share. In the meantime, THCOM reported a net profit in 2020 at 514 million baht, offering a dividend of ฿0.20/share.

CHOW’s executive was confident that the selling of 9 solar farms in Japan with a total production capacity of 64.21MW at a total value of 4,114 million baht to be completed within 1Q21. The income would be a one-time gain to support its 2021 revenue to bounce back.

– Analysts stated that the Thai stock market outlook in the first half of February traded at a lower level, thus, recommended to accumulate high-yield dividend stocks that the share prices are also expecting to edge higher as well such as AP, DCC, KKP, SCB, INTUCH, ADVANC, MCS, QH, LH, KTB, HANA and RJH.

IRPC is expected to announce its yearly financial statement of 2020 tomorrow. The analyst expected a profit of 1,556 million baht for 4Q20 performance, but the company would report a net loss of 6,275 million baht for the year due to the impact of the coronavirus outbreak. Nevertheless, the analyst foresaw a positive outlook in 2021, giving a “BUY” recommendation with a target price at ฿4.50/share.

BTS was still uncertain whether the company would withdraw the legal charge on the Mass Rapid Transit Authority of Thailand (MRTA) after the latter decided to abort the bidding for MRT Orange Line. The company stated that it required a review with the legal team for further details.


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