Headline: CPF targets a 10% growth in revenue this year, while export chicken to Saudi Arabia is expected in 3 months
Charoen Pokphand Foods Plc. (SET: CPF) targets a 10 percent increase in revenue this year from517 billion baht in the previous year, owing to plans to proactively expand business overseas and export chicken to Saudi Arabia within 2-3 months, while stating that the five factories granted approval have a combined capacity of approximately 7,000-8,000 tons. Additionally, a price rise for meat exports was negotiated in response to an increase in the cost of animal feed, meanwhile the Russo-Ukrainian war had a marginal impact, as Russia accounted for only 3 percent of overall sales.
Headline: Superboard NBTC opposes TRUE and DTAC merger, claiming it would be adverse to the public interest
Superboard NBTC Napat Winitchaikul opposed the merger of True Corporation Plc. (SET: TRUE) and Total Access Communication Plc. (SET: DTAC) on the grounds that it could violate Thailand’s constitution regarding the benefit of the nation and the people.
Headline: SCB confirms the acquisition of Bitkub and sees no impact on CAR
Siam Commercial Bank Plc. (SET: SCB) confirmed the acquisition of Bitkub, stating that it complies with the Bank of Thailand’s new regulation and will have very little impact on the bank’s capital adequacy ratio (CAR), which is currently 18.9 percent and may fall to 18.7 percent. Meanwhile, Finance Minister Arkhom Termpittayapaisith announced that the government will begin supporting startups and research groups by seeking funding through the digital asset.
Headline: TISCO is a safe-haven stock with the highest dividend yield, according to analysts
Tisco Financial Group Plc. (SET: TISCO) is a safe-haven stock when compared to other banking equities due to its high coverage ratio of 237 percent and highest dividend yield of 7 percent. Analysts anticipate TISCO’s 1Q22 revenue of THB1.81 billion, up 2.7 percent due to lower upfront provisions and a new high-yield loan offering.
Headline: GPI expects a huge boost in performance this year with the COD of a 9-megawatt waste-to-energy plant
The share price of Grand Prix International Plc. (SET: GPI) up 8 percent after the 9-megawatt Nakhon Sawan waste-to-energy plant began supplying electricity to the Provincial Electricity Authority and the adder increased to THB3.50kWh. GPI is confident that this year’s performance will grow by leaps and bounds.
