Headline: Watch for trade in January as the COVID-19 begins to slack off
– Thai market closed 12.66 points higher to start 2022, with a trading volume of more than THB100 billion. The Thai market has opened positive in January trading for seven of the last ten years, according to historical data. Analysts forecast the SET Index to reach 1,800 points in the first quarter of this year, recommending the consumption theme and stocks in the SETHD.
Headline: SABUY expects to close ten transactions this year, with analysts raising the target price to THB35.00
– Sabuy Technology (SET: SABUY) plans to close the acquisition of a new logistics company in January and to begin providing counter service via ATMs in front of 7-11 in February. The company increased its revenue growth target to 75% from 50%. Analysts reiterate their “BUY” recommendation with a higher target price of THB35.00 and an increase in the profit forecast for 2022 to THB606 million.
Headline: TPCH’s revenue is expected to grow 35% in 2022, boosted by the sale of a waste-to-energy plant
– TPC Power Holding (SET: TPCH) is confident that its revenue will grow by 30-35% this year as a result of the sale of the 9.5MW Siam Power waste-to-energy plant (SP) and the commencement of two renewable energy projects in 3Q22, including the power plant at Bannangsta, Yala, and Mae Lan, with a combined installed capacity of 5.7MW.
Headline: Analyst recommends best 8 stocks to buy in 2022
– Capital Nomura Securities advises the following eight stocks for investors to consider during a market correction: KCE, SCB, GPSC, ADVANC, AMATA, KBANK, MAKRO, and TIDLOR.
Headline: RT anticipates 2 subcontracting works for the contraction of a double-track railway system; income in 2022 is expected to reach THB4,000 million
– Right Tunnelling (SET: RT) expects to acquire two subcontracting works for the construction of a double-track railway project: Den Chai – Chiang Rai – Chiang Khong Section, bringing the company’s backlog to THB6 billion and income to THB4 billion in 2022.
