Headline: TTB reports a better-than-expected earnings in 2021 on a strong CAR
TMBThanachart Bank (SET: TTB) reported a net profit of THB2,799 million in 4Q21, representing an increase by 126.6% from the previous year, while full-year earnings were at THB10,474 million, up 3.6% over the year. The increase was driven by a fall in non-performing loans (NPLs), whereas the capital adequacy ratio (CAR) increased to 19.3%. Meanwhile, Bank of Ayudhya (SET: BAY) recorded a gain on investments from the sales of shares in TIDLOR, pushing a net profit to reach THB33,794 million in 2021, or an increase of 46.7%.
Headline: GUNKUL plans to spinoff “Gunkul Power Development” to efficiently operate big projects
Gunkul Engineering (SET: GUNKUL) is expecting to list its subsidiary; Gunkul Power Development, in the Thai stock market by early next year. The listing is to strengthen the company’s operating efficiency in reserve for future big projects. GUNKUL currently has a THB5,000 million worth of backlog. In 2022, GUNKUL expects to gain about THB500-700 million from the hemp business.
Headline: Chookiat acquires 10 million more shares in SABUY
Mr. Chookiat Rujanapornpajee spent THB370 million to acquire 10.31 million more shares in Sabuy Technology (SET: SABUY) from his sister Ms. Paranya Rujanapornpajee (6 million shares) and the board (4.31 million shares). Mr. Chookiat now owns 35.88%, or 410.42 million shares.
Headline: Commerce Ministry to announce regulations on crypto taxation on Jan 31
The Revenue Department confirms that it is prepared for cryptocurrency tax, and those who benefit from crypto trading will be subject to fill tax within the first quarter of this year. Taxation regulations, however, will be finalized by January 31, 2022.
Headline: RJH to unveil 2 new hospitals in EEC zone
Rajthanee (SET: RJH) anticipates record profits in 2021. On February 7, the company plans to unveil two new hospitals in the EEC zone with a total capacity of 120 beds. RJH anticipates a 20% increase in revenue this year compared to 2020, mostly due to a rebound in revenue from OPD patients and COVID-19-related services.
Headline: Test and Go program to resume from Feb 1; Analysts recommend AOT at target price of THB69
Thailand will resume the registration for the Test and Go quarantine-free entry scheme from February 1. Analysts believe that it would have a positive impact on Thai tourism, but at a lower level than expected. The Bank of Thailand estimates foreign tourist figures in 2022 would be 6-8 million, down from 42 million in pre-COVID times. Airports of Thailand (SET: AOT) is a Top Pick, with analysts recommending a “BUY” rating with a target price of THB68.00-69.60.
