Government Savings Bank

- The Government Savings Bank (GSB) confirms year-end auto title loans will hit 20 billion baht despite having a COVID-19 lockdown. Meanwhile, Srisawad Corporation (SAWAD) said that a joint investment with GSB via Fast Money is a win-win situation, even though SAWAD has lowered its interest to 18-20 percent . Thida Kaewbootta, Director at SAWAD, claimed that the company is confident that profit will be geared for double-digit growth this year following a loan portfolio restructuring. Analysts have given a target price on SAWAD at 80 baht. - Intermedical Care and Lab Hospital (IMH) anticipates a new high in operating results in 3Q-4Q, owing to the comprehensive care center for COVID-19 patients. Even though the government has already eased some of the COVID-19 lockdown, IMH warns that the potential of re-infection and a new wave of outbreaks is looming. However, it is considered a positive for the company. Analysts recommend “BUY” on IMH with a target price of 18.90 baht, expecting third-quarter earnings of 160-170 million baht. - The Government Savings Bank (GSB) successfully concluded the share swap of 11.2% stake in Dhipaya Group Holdings (TIPH). Vithai Ratanakorn, President of GSB, is confident that the TIPH investment plan will meet the Office of Insurance Commission's investment limitation of 10%, which will improve profitability and dividends of the company. Meanwhile, TIPH will replace Dhipaya Insurance (TIP) on the SET Index later this month. - Clover Power (CV) is fully set to expand investment in renewable energy and new projects with plans to increase the total commercially-operated power generation capacity and power plants under development to a total of 85 megawatts by the end of this year. CV closed 0.51% higher on its first trading day to trade at 3.92 baht per share. - Analysts have a positive view on energy stocks after a significant rebound in demand for crude oil and petrochemicals, recommending five outstanding equities with bright earnings outlook; GPSC, PTTEP, IVL, TOP and PTG.

Government Savings Bank

Kaohoon’s Top News on September 3, 2021

Government Savings Bank-SAWAD to Challenge the Auto-Title Loans Business

บริษัท บูรพาทัศน์ (1999) จำกัด