Headline: PSG acquires new construction project in Lao PDR worth THB9,000 million
PSG Corporation (SET: PSG) has been selected as the successful tenderer for the THB8,895 million XPPL Expansion Phase 1 Project. Profit recognition will begin in 1Q22, which could allow PSG to turn around its full-year performance. In the future, PSG plans to concentrate its operations in Lao PDR, where competition is low and margins are high. PSG’s stock price increased 17% yesterday.
Headline: BCPG makes a billion-baht investment in the Nam Tai hydropower project
BCPG (SET: BCPG) invests THB1,070 million to acquire 25% of Nam Tai’s common shares in order to operate the 220kV transmission line system and substation in Lao People’s Democratic Republic, which would transport green electricity from the Nam Tai hydropower plant to Vietnam. Analysts recommend “BUY”, with a target price of THB16.50, expecting BCPG’s earnings to reach THB2,000 million in 2021.
Headline: SAWAD expects to list its retail lending business on the stock market within this year
Srisawad Corporation (SET: SAWAD) expects to list its retail lending business, Srisawad Capital (SCAP), on the Thai Stock Exchange within this year. The company targets a 60% increase in new loans and a THB10 billion increase in outstanding balances, with a focus on loans for motorbikes. Also, SAWAD anticipates launching personal and digital loans after it has a license from the Bank of Thailand.
Headline: SABUY reveals 2022 business strategy’ 2022 “SABUYVERSE: The Next Visionary”, 7 Conveniences and 7 SMARTs via 7 ‘Rising Stars Strategy’
SABUY Technology (SET: SABUY) reveals its 2022 Business Plan under “SABUYVERSE The Next Visionary” to build SABUYVERSE ecosystem covering 7 Conveniences and 7 Smarts via 7 Rising Stars Strategy. SABUY sets a target of 100% revenue increase with over THB5,000 million investment budget. SABUY’s revenue is expected to climb to more than THB800-1,000 million in 2022 and THB1,200-1,500 million in 2023 as a result of this move, according to analysts. Recommend “BUY” with a target price THB42.00.
Headline: CGH’s share rises more than 20% on speculation around Cryptomind Group
Country Group Holdings (SET: CGH)’s share price rose 20% yesterday on speculation around Cryptomind Group, a firm in which CGH owns 25% and Kasikorn indirectly owns via a subsidiary. After obtaining a FA license, investors believe that Cryptomind Group has a good chance of partnering with KBANK to issue digital assets very soon.
