Headline: A massive sell-off by foreign traders pushes EA’s share price down more than 6%
The share price of Energy Absolute Plc. (SET: EA) fell more than 6 percent yesterday (7 April) to THB88.25 following a massive sell-off by foreign investors due to concerns about the executive team’s transparency and investment plans. However, Amorn Sapthaweekul, director of EA, clarified that all of the company’s project investments, including power plant projects in Nakhon Sawan and Lampang provinces, as well as the BlueTech City Industrial Estate Project, are correct and appropriate, and the company will file civil and criminal charges against anyone attempting to import distorted or false information into computer systems.
Headline: JDF kicks off its debut trading on SET with a 112% gain in share price
JD Food Plc. (SET: JDF) closed its debut trading day on the SET Index up 112 percent to THB5.50 per share, with an overwhelming trading value of THB6,771 million. Ratana Eaiprasertsak, chairman and CEO of JDF, stated that the company anticipates sales growth of 25% this year as a result of new product launches.
Headline: UBE anticipates a 20% increase in sales this year, while GUNKUL set to cultivate its first CBD flowers in May
Ubon Bio Ethanol Plc. (SET: UBE) expected revenue to expand by 15-20 percent this year from an improvement in organic cassava flour sales and higher demand in ethanal afther transportations recovered from COVID-19. UBE, also, targeted its revenue to reach THB10 billion within 3 years. Meanwhile, Gunkul Engineering Plc. (SET: GUNKUL) is preparing to cut the first lot of CBD flowers in May and will recognize income immediately in the second quarter.
Headline: Final deadline for the share swap tender offer to exchange SCB for SCBX is 11 April
The Stock Exchange of Thailand has cautioned that the share swap tender offer to exchange Siam Commercial Bank Plc. (SET: SCB) for SCBX shares will end on 11 April, and that SCB will cease trading on the SET on 27 April. Brokers, however, advised traders to buy new SCBX shares beginning April 28 rather than swapping shares, citing SCBX’s healthy income outlook.
Headline: KTC set a target of THB100 billion in loans and re-appoints Rathian as CEO for another year
Krungthai Card Plc. (SET: KTC) has set a target of THB100 billion in loans by 2022 and will proceed with plans for the flagship auto title loan “P’ Berm.” Meanwhile, the KTC board of directors on Thursday accepted Rathian Srimongkol’s reappointment as CEO and director for another year.
Headline: ITEL expects revenue to grow by 30% in 1Q22
Interlink Telecom Plc. (SET: ITEL) is confident that 1Q22 revenue would increase by 20-30 percent over the previous quarter due to the company’s continued backlog generation. Also, contracts for 2-3 additional new projects will be signed to sustain revenue growth of 30 percent in 2022, reaching THB3.2 billion.
