Headline: NINE announces the issuance of new ordinary shares through a private placement of up to 70%
Nation International Edutainment Plc. (SET: NINE) announced on Friday the issuance and offering of newly issued ordinary shares to a subsidiary of VGI Plc. (SET: VGI) through a private placement at a price of THB 3.30 per share in exchange for the license to manage and operate merchandising space agreements on BTS skytrain stations. The tender offer for securities will be undertaken in the third quarter of 2022.
Headline: Analysts recommend 8 stocks for investing amid rising commodity prices
Eight equities, including PRM, PSL, TTA, DOHOME, GLOBAL, TVO, BANPU, and PTTEP, are recommended by analysts for investing amid rising commodity prices. PRM, PSL and TTA are likely to benefit from rising freight rates, while GLOBAL and DOHOME are expected to profit from a surge in steel costs. Meanwhile, BANPU and PTTEP will gain from the near-decade highs in oil and coal.
Headline: Supreme Administrative Court grants a new retrial for Hopewell case
The Hopewell saga continues after the Supreme Administrative Court on Friday ruled in favor of the Ministry of Transport and State Railway of Thailand (SRT) request for a retrial following a 2021 verdict against them by the Central Administrative Court.
Headline: A5 to resume trading in the market today
Asset Five Group Plc. (SET: A5) is scheduled to resume trading in the stock market today. Analysts have set a target price of THB7.50-13.50 per share. A5’s CEO stated that the company aims to increase revenue by 30 percent this year to THB1,100 million, with a secured backlog of THB3,200 million. Additionally, A5 is ready to open three new projects with a combined value of THB3,200 million.
Headline: AGE expects coal sales of 6.5 million tonnes this year, bringing in THB15 billion in income
Asia Green Energy Plc. (SET: AGE) anticipates income of THB15 billion and coal sales of 6.5 million tonnes this year. Additionally, the company is planning to accelerate its logistics expansion while maintaining a 12 percent gross profit margin.
Headline: RT anticipates big projects this year in order to boost its backlog to THB9 billion
Right Tunnelling Plc. (SET: RT) is confident about its performance this year, as it anticipates winning bids for tunnel construction projects in Northern Thailand and power plant construction projects abroad. Also, RT expects that its backlog will increase to THB9 billion from the current THB5.2 billion. RT on Friday reported eight new projects from January to March 2022, in total value of THB1,896 million.
