Headline: JMART’s earnings to grow by 70% this year backed by KB J Capital and J Mobile
Adisak Sukumvitaya, Chief Executive Officer of Jay Mart Plc. (SET: JMART), said that the company anticipates a compound annual growth rate of at least 50% between 2022 and 2024, mainly through the support of KB J Capital and J Mobile. Meanwhile, JMT Network Services Plc. (SET: JMT) and Singer Thailand Plc. (SET: SINGER) continue to grow. Capital Nomura Securities forecasts that JMART’s earnings would increase by 70% this year as all of its subsidiaries achieve record profits, and JMT will complete the establishment of an asset management company (AMC) with Kasikornbank Plc. (SET: KBANK) in 2Q22. Recommend “BUY” on JMART.
Headline: SENA to launch 49 new projects worth THB27 billion
Sena Development Plc. (SET: SENA) to make a big change in its business through the “SENA Next” strategy for sustainable growth, with a goal of launching 49 new projects worth THB27,480 million. SENA has set a target of THB13,979 million in sales and THB12,186 million in income for the fiscal year 2022.
Headline: STOWER expects its operations to turn around this year
Sky Tower Plc. (SET: STOWER) confirmed that its operations will be profitable this year, owing to the company’s business in Thailand and the Philippines. Meanwhile, revenue will increase annually by more than THB700-800 million. STOWER plans to keep expanding its network of telecommunications towers over the next four to five years, with the goal of investing in 620 stations in the Philippines by 2024.
Headline: SAWAD anticipates a 30% growth in loans this year with a plan to repurchase SWP from NOBLE
Srisawad Corporation Plc. (SET: SAWAD) is confident that loans will increase by 30 percent this year as part of its strategy to accelerate the expansion of fee revenue from the insurance business. The company aims to invest THB315 million in the repurchase of 20% of SWP Asset Management Company from Noble Development Plc. (SET: NOBLE).
Headline: EGCO set aside THB30 billion for investment this year to add 1,000MW to its capacity
Electricity Generating Plc. (SET: EGCO) anticipates strong growth this year following the recognition of full-year operating profits from two new projects, Linden Cogen and Apex, and the commencement of COD on Nam Theun 1 and Yunlin projects this year. The investment budget for 2022 tops THB30 billion, with an additional 1,000 megawatts of capacity planned.
Headline: TU’s profit to grow more than THB8 billion in 2022
Thai Union Group Plc. (SET: TU) is convinced that its profit will exceed last year’s THB8,013 million, with revenues expected to climb 5 percent from THB141,048 million last year. Also, TU anticipates that in five years, gross profit margins would improve by more than 20% from this year’s level. TU is preparing to spin off “I-Tel” and list it on the stock market, with a filing expected in May and trading slated to begin in the third quarter of 2022.
