Headline: GPSC eyes on a THB200 billion transmission network connecting Thailand and Singapore
Global Power Synergy Pcl. (SET: GPSC) anticipates a partnership with PTT Exploration and Production Pcl. (SET: PTTEP), Electricity Generating Authority of Thailand (EGAT) and Provincial Electricity Authority (PEA) to jointly collaborate on a feasibility study for a THB200 billion transmission network connecting Thailand and Singapore project. The project is anticipated to provide Singapore with approximately 1,600 megawatts of clean energy.
Headline: Token X appointed as ICO Portal Provider for TPOLY’s subsidiary to support EEC and industrial growth
Token X has been appointed as the initial coin offering (ICO) portal provider for the subsidiary of Thai Polycons Pcl. (SET: TPOLY) to launch the token for water management projects for industrial estates to support economic and industrial growth in the Eastern Economic Corridor (EEC). The Company stated that the ICO portal business is a key business driver that would enable SCBX to achieve its mothership strategy of paving the way for the financial world of the future.
Headline: CHAYO anticipates signing joint venture agreements with leading banks for AMC by September
Chayo Group Pcl. (SET: CHAYO) expects that the establishment of AMC joint venture companies with one of Thailand’s largest commercial banks will be finalized by the end of September, with the aim of acquiring up to THB30 billion in debts between 2022 and 2023. In addition, the Company anticipates gaining around THB900 million from the sale of land in Phuket, contributing to a 30 % increase in net profit.
Headline: GFPT expects a double-digit growth in 2Q22
GFPT Pcl. (SET: GFPT) expects a double-digit growth in 2Q22 owing to the peak season. The Company plans to boost its revenue growth target for the current year from 5 to 10% to 15 to 20%, and will invest an extra THB1-1.2 billion in the expansion of pig farming and slaughterhouses.
Headline: Oil and shipping stocks see a bullish trend as China eases the Shanghai lockdown today
Oil and shipping stocks are expected to see a bullish trend as China eases the Shanghai lockdown today (1 June). This move will raise oil and logistics demand. PSL, TTA, and WICE are among those whose sentiment has improved since yesterday, along with PTTEP, TOP, OR, PTT, and PTTGC.
Headline: ITEL to benefit from the implementation of the Personal Data Protection Act
Interlink Telecom Pcl (SET: ITEL) is projected to profit from the implementation of the Personal Data Protection Act (PDPA), which went into effect today, since it would promote the usage of data centers. The Company expects its revenue to increase by 30% year-over-year to reach THB2 billion this year.
