Headline: TOP anticipates a strong 1Q22 result following a significant recovery in oil demand
Thai Oil Plc. (SET: TOP) expects to earn THB11 billion in 2Q22 through the sale of Global Power Synergy Plc. (SET: GPSC) shares, and to issue newly issued ordinary shares totaling 239 million shares in 3Q22 to increase the company’s registered capital. Proceeds will be utilized to fund additional investments and to repay bridging debts. TOP anticipates a strong 1Q22 result following a significant recovery in oil demand.
Headline: MAKRO invests THB11 billion for the expansion of 35 new outlets in Thailand and abroad
Siam Makro Plc (SET: MAKRO) has set aside THB11 billion for the expansion of 35 new outlets in Thailand and abroad this year. MAKRO has launched Maknet, a one-stop online wholesale market, with the goal of increasing online income to 30 percent within three years.
Headline: IP unveils 5-year plan with the goal of reaching THB5,000 million in revenue by 2026
Inter Pharma Plc. (SET: IP) unveiled a five-year plan with the goal of reaching THB5,000 million in revenue by 2026, backed by six core businesses. Additionally, IP anticipates completing the acquisition of 88.67 percent of Drug Care, a leading drugstore chain operating under the brand LAB Pharmacy.
Headline: Chavinda appointed as new president of AIMC
Chavinda Hanratanakool, Managing Director of Krungthai Asset Management (KTAM), has been named President of the Association of Investment Management Companies (AIMC) for the period 1 April 2022 to 31 March 2024.
Headline: Nomura and ASPS receive awards Best Analyst Award 2021
Capital Nomura Securities’ Koraphat Vorachet won three awards for the Best Analyst Award 2021, while Asia Plus Securities won the Best Analyst Team award, and FSS International Investment Advisory Securities, or FSSIA, won four awards.
Headline: Analysts recommend 3 stock sectors amid Russia-Ukraine tensions
Analysts recommend three stock sectors that have profited from Russia-Ukraine tensions. If the peace talk can be settled soon, SCC, SCGP, BGRIM, GPSC, GULF, and DCC are recommended; however, if the situation deteriorates, BANPU, PTT, and PTTEP are suggested. Meanwhile, BCH, CHG, CPF, EGCO, KKP, and TVO are stocks with a limited effect.
