Headline: MINT sees rebound in all business aspects as Thailand enters peak tourism season in 2Q22
Minor International Plc. (SET: MINT) is confident that its company will achieve strong 2Q22 profit performance, reflective of global tourist recovery post-pandemic and the country’s high season for tourism, coupled with hopes for the cancellation of Thailand Pass in June. Analysts propose a “BUY” recommendation on MINT with a target price of THB39.90, as the business sees potential pre-Covid operations in the second half of the year.
Headline: Analysts eye SABUY’s target price at THB50 with strong earnings growth in 2022
Sabuy Technology Plc. (SET: SABUY) anticipates second-quarter profit growth of 240-280%, or THB160-180 million. Analysts expect a recovery in all of SABUY’s existing businesses, with full-year 2022 earnings projected to reach THB787 million, an increase of 268% year-over-year. Recommend a “BUY” rating with a target price of THB50.00.
Headline: EEC water transmission system bid process found some transparency concerns
According to a source close to the Ministry of Finance, the investigation into the bidding process for the main water transmission pipeline system for the Eastern Economic Corridor (EEC) found some transparency issues. Therefore, the ministry anticipates appointing a new set of committees to reexamine the bid procedure.
Headline: FTI share gains 54% on its first trading day in SET Index
Shares of Function International Plc. (SET: FTI) gained 54% on the first day of trading on the SET Index, indicating traders’ confidence in the company’s solid base. The chief executive officer of FTI stated that the company will use the proceeds from fundraising to expand its domestic and international operations in order to increase sales by 25-30% this year.
Headline: PLUS kicks off its first trading day on SET Index today
Royal Plus Plc (SET: PLUS) shares will begin trading on the SET Index today. The company’s management team is confident that it will be welcomed warmly by investors. PLUS recorded a net profit of THB46.8 million in the first quarter of 2022, an increase of 193% year-over-year. Analysts recommend a “BUY” rating on PLUS with a target price of THB5.10-5.30.
Headline: Listed companies deliver greater-than-anticipated profit in 1Q22
Listed companies showed signs of recovery as 1Q22 operating results generated a greater-than-anticipated profit of THB274 billion, a year-over-year gain of 9.5%. 1) energy stocks (TOP, BANPU, GULF), 2) country’s reopening stocks (KTB, KKP, CRC, CPALL, BJC, AP, SPALI, BDMS, BH, AOT), and 3) exports (BR, SAPPE, GFPT, NER, KCE, SVI) are outperforming sectors.
