Headline: JMART group rallies on Wednesday; analysts upgrade JMT’s target price to THB87.00
The JMART group rallied on Wednesday, as traders speculated on the group’s record profit in 4Q21 and analysts increased their target price for JMT Network Services Plc. (SET: JMT) to more than THB87.00. Jay Mart Plc. (SET: JMART) and JMT are predicted to record new profit highs in 4Q21, with JMART’s profit forecast to exceed THB402 million, up 48% year on year, and JMT’s profit expected to reach THB505 million, up 53% year on year. Analysts forecast a 64% increase in net profit for Singer Thailand Plc. (SET: SINGER) in 4Q21, with a target price of THB58.00.
Headline: SPALI-TU both achieve new profit records in 2021
Supalai Plc. (SET: SPALI) and Thai Union Group Plc. (SET: TU) both achieved new profit records in 2021. SPALI’s earnings reached THB7,070 million, up 66% year on year, while total revenue exceeded the target of THB29,647 million, up 41% year on year. SPALI approved an interim dividend of THB0.75 per share with an XD date on 27 April. Meanwhile, TU recorded a net profit of THB8,013 million, up 28% year on year, on the back of a significant rebound in frozen and chilled seafood and continuing strong growth in PetCare. The company announced a dividend payment of THB0.50 per share with an ex-dividend date on 9 March.
Headline: III reports 132% net profit growth in 2021, offering THB0.30 dividend payment
Triple I Logistics Plc. (SET: III) recorded a net profit of THB214.8 million in 2021, an increase of 132% as the company diversified its investment strategies. The Board of Directors approved the payment of a dividend of THB0.30 per share. The company anticipates continuing its growth trajectory through 2022, as it prepares to launch new international rail freight services in 2Q22.
Headline: BGRIM to announce its 2021 earnings result tomorrow; analysts expect net profit of THB2.6 billion
B.Grimm Power Plc. (SET: BGRIM) is expected to announce its 2021 operating results on 25 February. While gas prices have risen, analysts expect net profit of THB2.6 billion and a positive outlook for 2022 profits. Recommend “BUY” at a target price of THB55.00-56.50.
Headline: UBE and WFX see solid growth in 2021
Two new initial public offerings, Ubon Bio Ethanol Plc. (SET: UBE) and World Flex Plc. (SET: WFX), see a bright future in 2022, with excellent earnings growth in 2021. UBE recorded a 223% profit gain of THB321 million as sales of cassava starch and ethanol products increased. Meanwhile, WFX’s earnings rose to a record high of THB359.10 million, a 521% year-over-year rise, as the company shifted its marketing strategies to focus on the end user.
