Headline: IVL expects 1,000% growth in 2021 profit
Indorama Venture Plc. (SET: IVL) is scheduled to report 4Q21 operating results tomorrow (23 February). Earnings are estimated to be THB7.7 billion, up 489% from the same period last year, pushing full-year earnings to grow more than 1,000% to THB26.8 billion in 2021. This is due to an increase in sales volume and PET spread, while operating expenses relating with the Olympus project decrease. Analysts recommend “BUY” with a target price of THB55.00-62.00 per share.
Headline: PTT says a hundred billion baht profit in 2021 represents only 5% of its overall sales volume
PTT Plc. (SET: PTT) stated that its earnings of more than a hundred billion baht in 2021 represented only 5% of its overall sales volume of THB2.2 trillion and included a THB82 billion contribution to the state. Meanwhile, PTT Oil and Retail Industry Plc. (SET: OR) planned to invest THB27 billion this year to expand its food and beverage business through the use of its gas station network. The investment strategy seeks to strengthen revenue from non-oil and international businesses while decreasing revenue from gas stations.
Headline: ASPS selects 9 stocks for investing amid Russia-Ukraine tension
As Russia-Ukraine tension remains, Asia Plus Securities (ASPS) recommended accumulating nine stocks that are popular among foreign investors, especially laggard stocks with profit higher than the pre-COVID-19 level, led by B.Grimm Power Plc. (SET: BGRIM), Thai Oil Plc. (SET: TOP), Osotspa Plc. (SET: OSP), PTT Plc. (SET: PTT), Siam City Cement Plc. (SET: SCCC), Global Power Synergy Plc. (SET: GPSC), Wha Corporation Plc. (SET: WHA), The Siam Cement Plc. (SET: SCC) and Aeon Thana Sinsap (Thailand) Plc. (SET: AEONTS).
Headline: SNNP, NER, JR and CKP achieve outstanding profit growth of more than 100% in 2021
Srinanaporn Marketing Plc. (SET: SNNP), North East Rubber Plc. (SET: NER), J.R.W. Utility Plc. (SET: JR), and CK Power Plc. (SET: CKP) all achieved outstanding profit growth of more than 100% in 2021. SNNP posted an all-time profit high of THB437.16 million, up 366% YoY, handing out a dividend payment of THB0.14 per share. NER reported a net profit of THB1,850 million, up 115% YoY, offering a dividend at the rate of THB036 per share. JR recorded earnings of THB217 million, up 146% YoY and approved a dividend payment of THB0.14 per share, while CKP’s net profit surged 438.4% over the year to THB2,179 million.
Headline: FTSE to raise the weight of 3 CP group stocks; CPALL, CPF, MAKRO
FTSE Rebalance to raise the weight of three CP group stocks (CP All Plc. (SET: CPALL), Charoen Pokphand Foods Plc. (SET: CPF), and Siam Makro Plc. (SET: MAKRO)), with passive funds expected to purchase those stocks at their 18 March closing price. Meanwhile, Dhipaya Group Holdings Plc. (SET: TIPH), Jasmine Technology Solution Plc. (SET: JTS), and Singer Thailand Plc. (SET: SINGER) are scheduled to be added to the FTSE Small Cap Index at the forthcoming rebalance.
