Headline: GULF advances on Laos’ 770MW hydro power plant
Gulf Energy Development (SET: GULF) has entered into a Tariff Memorandum of Understanding for the 770MW-Pak Lay hydroelectric power project in Lao PDR, with the Electricity Generating Authority of Thailand (EGAT). The Scheduled Commercial Operation Date is dated on January 1, 2032. EGAT will be the off-taker for the project, with the average tariff rate of THB2.6989/kWh.
Headline: COM7 and KCE are expected to enter the MSCI Index
MSCI is set to announce the entry of new stocks to its index on February 9. Analysts anticipate the inclusion of COM7 (SET: COM7) and KCE Electronics (SET: KCE). Around THB8,000 million of passive fund inflow is likely to come into those two stocks. Analysts rate KCE as a “BUY” with a price target of THB97.00.
Headline: RS is now resuming its recovery track; analysts recommend “BUY” with target price of THB23.00
Analysts forecast that RS (SET: RS)’s operation has already bottomed out from the worst in 4Q21 and is now returning to the recovery path as SG&A costs have been cut and the company will fully recognize profit contribution from Chase and SPG from 2Q22 onwards. Recommend “BUY” with a target price of THB23.00.
Headline: SCGP’s 2021 earnings increase 28% to THB8.3 billion
SCG Packaging (SET: SCGP) reported a net profit of THB8,294 million in 2021, an increase of 28.45%, with a dividend payment for the second half of the year of THB0.40. The company expects earnings of THB140 billion in 2022, up from THB124 billion in 2021, owing to the company’s recent M&Ps with Duy Tan and Deltalab, and will continue to grow its business through organic and M&Ps investment, with a THB20 billion investment budget. SCGP anticipates revenue of THB180 billion over the next five years.
Headline: KTC expects a record profit this year, with a goal to achieve a loan portfolio of THB100 billion
Krungthai Card (SET: KTC) anticipates a record profit of THB6.7 billion this year, with a goal to achieve a loan portfolio of THB100 billion, mainly as a result of the government’s credit card promotion measures. Analysts recommend “BUY” with a target price of THB75.50.
