Headline: GULF achieves a new all-time high core profit of THB8.8 billion in 2021
Gulf Energy Development Plc. (SET: GULF) delivered a record core profit of THB8.8 billion for the year 2021 thanks to the commercial operation of new power plants including GSRC first unit and second unit, as well as the investment in Intouch Holdings Plc. (SET: INTUCH). In 2022, GULF expects a total revenue to grow approximately 60 percent from the year 2021 due to the commercial operation of new power plant projects in Thailand and overseas with a combined installed capacity of 1,553 megawatts. This will increase GULF’s gross installed capacity to 9,422 megawatts by the end of the year.
Headline: TRUE approves the amalgamation with DTAC, proposing to AGM on April 4
The Board of Directors of True Corporation Plc. (SET: TRUE) and Total Access Communication Plc. (SET: DTAC) on 18 February approved the amalgamation of both companies. As part of the process, there will be an allocation of shares in a new company which will be created as a result of the amalgamation (NewCo) to the shareholders of TRUE and DTAC. 1 existing share in TRUE equals to 0.60018 shares in NewCo, and 1 existing share in DTAC equals to 6.13444 shares in NewCo. This agenda will propose to the shareholder meeting on 4 April 2022. Analysts anticipate that the share prices of TRUE and DTAC will continue to rise until the amalgamation is completed.
Headline: DOHOME’s earnings jump 150% to THB1.8 billion in 2021
Dohome Plc. (SET: DOHOME) reported a net profit of THB1,818 million in 2021, up 150 percent from the same period last year, driven by a total revenue of THB25,917 million, up 37.5 percent, and a gross profit margin reached 20.2 percent. In addition, DOHOME’s Board of Directors has approved a common stock dividend at the rate of 5 existing shares per 1 ordinary share and a cash dividend at the rate of THB 0.0222222222 per share, the total dividend payment equivalent to 0.2222222222 per share. The Ex-dividend date (XD) is set for 4 March 2022.
Headline: Credit Suisse recommends best 7 Thai stocks for investing
Credit Suisse and Asia Plus Securities upgraded their view of Thai equities to overweight, citing the fact that Thai EPS are growing faster than those in other regional markets and the Thai baht is relatively stable. AOT, SCB, KBANK, CRC, CPALL, AWC, and BDMS are top picks, as they are big-cap city reopening stocks that underperform the SET.
Headline: MAJOR swings back to profit in 2021, offering a dividend of THB0.60
Siam Makro Plc. (SET: MAKRO) posted a net profit of THB13,687 million in 2021, increasing more than 108 percent over the year as total revenue hit THB266,435 million, or an increase of 21 percent. In addition, the Board of Directors approved a dividend payment of THB0.32 per share. The ex-dividend date is 3 March 2022.
Headline: TOP disposed of ordinary shares of GPSC as plan for the company’s long-term financial restructuring
Thai Oil Plc. (SET: TOP) approved the sale of ordinary shares of Global Power Synergy Plc. (SET: GPSC) to PTT Plc. (SET: PTT) in the amount of 10.78 percent, totalling approximately THB22,351 million. Furthermore, the Board of Directors has approved an increase in the company’s registered capital in the amount of THB2,751 million through the issuance of up to 275.12 million newly issued ordinary shares. This is part of the recapitalization plan for the company’s long-term financial restructuring to finance its investment in petrochemical business in Indonesia.
