Headline: TQM takes a 44% stake in TQR, making it the company’s largest stakeholder
The Board of Directors of TQM Corporation Plc. (SET: TQM) approved on Wednesday an investment in TQR Plc. (SET: TQR)’s ordinary shares representing 44.35 percent of all issued and paid TQR shares at a price of THB5.10, for a total of THB520.20 million from the Punnipa family. Analysts forecast that TQM’s earnings will surpass THB1,000 million for the first time since the company was established, giving a target price at THB63.00 per share.
Headline: Analyst compiles 16 stocks that are particularly popular with foreign investors, lead by KBANK, SCB, and PTT
Asia Plus Securities has compiled the list of stocks with solid fundamentals and foreign buying, led by Kasikornbank Plc. (SET: KBANK) (foreign net buy of THB18 billion), The Siam Commercial Bank Plc. (SET: SCB) (foreign net buy of THB4.7 billion), PTT Plc. (SET: PTT) (foreign net buy of THB4.4 billion), Bangkok Bank Plc. (SET: BBL) (foreign net buy of THB3.8 billion), CP All Plc. (SET: CPALL) (foreign net buy of THB3.8 billion) and Advanced Info Service Plc. (SET: ADVANC) (foreign net buy of THB3.3 billion).
Headline: PLANB expects revenue of THB6.3 billion this year
Plan B Plc. (SET: PLANB) anticipates revenue of THB6,000-6,300 million this year, aided by Aqua Corporation Plc. (SET: AQUA)’s contributions of THB700-900 million. PLANB has set aside around THB700-1,000 million for business expansion, with a target of THB120 billion in advertising revenue.
Headline: EA promotes EV business to support revenue growth of 20% in 2022
Energy Absolute Plc. (SET: EA) to continue its transformation from a clean energy producer to a market leader in the electric vehicle (EV) business, growing revenue by 20% in 2022. EA was one of 41 Thai companies ranked in the Sustainability Yearbook 2022, demonstrating the confidence of Thai institutional investors and foreign investors.
Headline: EGAT to raise its holding in RATCH by over THB11.2 billion
Electricity Generating Authority of Thailand (EGAT) announced that it is ready to increase its holdings in Ratch Group Plc. (SET: RATCH) by more than THB11.2 billion, highlighting the fact that RATCH is a good dividend stock with a growing portfolio. RATCH will proceed with its aim to raise THB25 billion in capital, and is anticipated to begin accepting subscriptions for PPO shares from 6-10 June 2022.
