Headline: The cabinet will consider extending the Green Line concession today
The cabinet on Tuesday (8 February) will consider extending the Green Line concession to BTS Group for another 30 years in compensation for the Bangkok Metropolitan Administration’s THB30 billion debt.
Headline: Taxation of income earned from selling shares could drop trading value on SET to THB50 billion a day, says FETCO
The Federation of Thai Capital Market Organizations (FETCO) said that if taxing capital gains on the sale of shares is enforced, trading value on the Stock Exchange of Thailand (SET) might fall by as much as 40% per day to THB50 billion. FETCO stated that it is concerned about foreign investors leaving the Thai stock market due to a lack of attractive selling points. However, the Ministry of Finance claimed that it is still being considered.
Headline: ASW targets revenue growth of THB6,000 million in 2022
Assetwise (SET: ASW)’s revenue growth target for 2022 is THB6,000 million, with a backlog of THB7,338 million. The company anticipates completing the transfer of ownership of seven new condominium projects worth THB6,600 million and opening seven new high-rise residential projects totaling THB12,400 million.
Headline: ADVANC to hand out a dividend of THB4.24 after the business makes THB26.9 billion in net profit in 2021
Advanced Info Service (SET: ADVANC) posted a 1.9% year-on-year net profit reduction to THB26,922 million in 2021 as a pandemic continually challenges the telco industry. The company approved a dividend at THB4.24 per share for the second half of 2021. The first date of XD is on 18 February 2022, and the dividend will be paid on 19 April 2022. In 2022, ADVANC will focus on building the foundations to be a ‘Cognitive Telco’, and has set the budget of THB30-35 billion to improve the network quality and to support growth of subscribers.
Headline: GULF expects earnings of THB10 billion in 2022, driven by its data center business
Gulf Energy Development (SET: GULF)’s revenue and earnings are expected to reach THB74 billion and THB13.4 billion (+73% YoY) in 2022, as the company grows into information technology. Analysts rate ADVANC a “BUY” with a target price of THB60.00, based on an assumption that the data center business will add THB2.60 to the company’s share price.
