Headline: Cabinet approves a package of subsidies for electric vehicles, SET recommends 26 best stocks for investing
The Director-General of the Excise Department is preparing a press conference today following the cabinet’s approval of an incentive package for electric vehicles (EVs) on Tuesday. The package includes subsidies ranging from THB70,000-150,000 for pickup trucks and cars and THB18,000 for motorcycles, which will take effect in March. The Thai Stock Exchange (SET) has recommended 26 electric vehicle (EV) stocks, including GPSC, OR, HANA, and KCE. Analysts, on the other hand, favor EA and NEX.
Headline: PTT to announce its 2021 operating results today, analysts expect earnings of over hundred million baht
PTT (SET: PTT) is scheduled to release its fiscal year 2021 operating results today. Analysts forecast that PTT’s earnings will exceed THB100 billion in 2021, owing to increased share profit from its affiliated companies. Thai Oil (SET: TOP) reported a net profit of THB12.5 billion in 2021 and approved a dividend payment of THB2.00 per share based on the company’s performance in the second half of 2021. Meanwhile, PTT Oil and Retail Business (SET: OR) achieved THB11.4 billion in earnings in 2021, up 30% year on year, and unveiled a five-year business plan with a THB93,462 million investment budget.
Headline: KEX targets a 30% annual growth in delivery volume over the next 3 years
Kerry Express (Thailand) (SET: KEX) unveiled its three-year business plan for the period 2022-2024, with a target of 30% annual growth in delivery volume, and will continue to execute strategic moves through an aggressive pricing approach. Additionally, the company is planning to comprehensively service both business-to-consumer cold-package delivery KERRY COOL and Thailand’s first less-than-truckload (LTL) delivery platform, KERRY XL.
Headline: PTC gains 26% on its debut in mai index, expecting a large upsurge in oil distribution this year
The share price of Premier Tank Corporation (SET: PTC) increased by 26% on its first trading day in the mai index. PTC CEO Weerawat Burapapattanapong stated that the company expects a large upsurge in oil distribution this year as the economy picks up, and that the proceeds from an initial public offering (IPO) will be used to expand oil storage at Sisaket Oil Depot.
Headline: GULF joins hands with CP Group to operate solar business
Gulf Energy Development (SET: GULF) announced that its subsidiary involving in solar energy businesses, and a company that operates renewable energy businesses under CP Group have jointly established AG Korat Company Limited to operate solar energy businesses including solar rooftops and solar farms, with target customers comprising industrial customers and enterprise customers in Nakhon Ratchasima province. The joint venture company is 50% owned by GULF and 50% owned by CP Group.
