Headline: SCB to kick off share swap on 2 March under “Mothership” strategy for long-term growth
The Siam Commercial Bank Plc. (SET: SCB) launched a tender offer for SCBx in which shareholders were asked to exchange SCB shares for newly issued SCBx shares at a ratio of 1 SCB ordinary share or 1 SCBx preference share for 1 SCBx ordinary share. The process will begin on 2 March and run until 18 April 2022. And analysts urge investors to watch the bank’s new business restructuring plans, including “Card X,” which issues credit cards for personal loans, and “Auto X.” Regarding the acquisition of “Bitkub,” the bank has already made an application to the Bank of Thailand.
Headline: SPALI overtakes LH to achieve the highest profit margins in the property sector
Supalai Plc. (SET: SPALI) earned the highest profit in the property sector, with a net profit of THB7,070 million, up 66 percent year on year, exceeding Land and Houses Plc. (SET: LH), which earned THB6,936 million. Meanwhile, Origin Property Plc. (SET: ORI) revealed the “Origin Multiverse” strategy, with the goal of reaching a record high this year.
Headline: SAWAD expects a 16% increase in earnings this year with plan to list SCAP on the SET
Srisawad Corporation Plc. (SET: SAWAD) expects a 16 percent increase in earnings this year, with plans to expand into new business, including hire purchase loans for electrical appliances, and to list Srisawad Capital (SCAP) on the SET. SAWAD’s non-performing loans decreased to 3.3 percent in 4Q21, due to lower expected credit losses. Analysts rate the stock “BUY” with a price target of THB77.00.
Headline: ACE anticipates strong profitability growth in 2022
Absolute Clean Energy Plc. (SET: ACE) is confident about its performance in 2022, with the goal of continuing to grow and closing investment deals for new power plants both domestic and foreign. The company is prepared to participate in the auction of phase 2 community power plants and community waste power plants with a total installed capacity of 400 megawatts. ACE’s sales increased to THB5.7 billion in fiscal year 2021, with a net profit of THB1.5 billion.
Headline: PTT to make over THB2.2 trillion in income this year as business recovers and energy prices are on the rise
Auttapol Rerkpiboon, President and CEO of PTT Plc. (SET: PTT) affirmed that PTT will make more than THB2.2 trillion in income this year from visibly developing businesses within the group, as well as rising energy prices, which boost the selling price of the product. Also, the PTT group published a five-year plan, with an investment budget of more than THB944 billion, aimed at expanding the business and advancing energy innovation.
Headline: The arrival of Saudi tourists is expected to have a positive impact on tourism and hospital plays
Asia Plus Securities anticipates that Thailand welcomed Saudi Arabian tourists for the first time in 32 years on March 1 will boost sentiment toward tourism and related stocks. Recommend accumulating tourism plays: Minor International Plc. (SET: MINT), Central Plaza Hotel Plc. (SET: CENTEL), and The Erawan Group Plc. (SET: ERW), and hospital plays: Bumrungrad Hospital Plc. (SET: BH) and Bangkok Dusit Medical Services Plc. (SET: BDMS). The SET Index is likely to hit 1,750 points in March, owing to continued capital inflows.
