Headline: BGRIM expects its LNG-to-Power plants to be included in Vietnam’s Power Development Planning VIII
B.Grimm Power Plc. (SET: BGRIM) expects that its LNG-to-Power plants with a combined installed capacity of 6,000 to 9,000 megawatts will be included in Vietnam’s Power Development Planning VIII. According to analysts, the share price of BGRIM has already bottomed out from its worst. Thus recommends a “BUY” rating on BGRIM, noting a favorable profits outlook over the next three quarters supported by greater electricity sales, decreased gas costs, and the recognition of income from new business lines.
Headline: AGE-UBE shows solid growth in 1Q22 as earnings soar by more than 100%
Asia Green Energy Plc. (SET: AGE) reported a net profit of THB314.6 million in 1Q22, up 160% YoY due to higher coal prices and logistics activity. Consequently, the company has increased its sales growth target for 2022 to THB16 billion.
Meanwhile, Ubon Bio Ethanol Plc. (SET: UBE) recorded a 204% increase in earnings to THB115.6 million for the first quarter of 2022. This was primarily attributable to increased sales revenues from the ethanol business and the starch and flour business.
Headline: 8 hospital shares achieve impressive 1Q22 earnings growth
In the first quarter of this year, eight hospital shares had impressive earnings growth, with BCH and CHG making more than 400% in net profit. Meanwhile, the net income of PR9 and LPH climbed by 300% and 200%, respectively. BDMS and EKH both experienced a doubling of their profits, while WPH returned to a profit of THB56.64 million and IP’s earnings increased by 57%.
Headline: JAS bounces back to book THB132 million of net profit in 1Q22
Jasmine International Plc. (SET: JAS) returned to profitability in 1Q22, posting a net income of THB132 million on revenue of THB5,120 million. This was due to stronger revenue gains from the broadband and internet TV service segment, as well as a 100% growth in the crypto mining business.
Headline: RATCH anticipates its earnings to increase by double in the remaining quarters of the year
Ratch Group Plc. (SET: RATCH) is confident that its performance for the remainder of the year will double every quarter, as the firm is poised to collect income from the COD of new power plant projects. In addition, RATCH anticipates finalizing more M&A transactions between 2Q and 3Q, while preparing to issue 725 million newly issued shares at THB34.48 per share, open for subscription starting June 6-10.
Headline: JMT enters MSCI Global Standard Index
MSCI Global Standard Indexes added JMT Network Services Plc (SET:JMT) and 10 other small-cap stocks to the index, including ASK, BYD, DITTO, FORTH, KEX, PSG, SABUY, STARK, VIBHA, and STGT. The rebalancing will take effect as of the close of May 31.
JMT also stated that it has established a joint venture asset management company (JV AMC) with Kasikornbank Plc. (SET: KBANK) called JK Asset Management with a registered capital of THB200 million.
