Headline: New import duty rates for EV set to announce this week
The Ministry of Finance is set to announce new import duty rates for electric vehicles (EV), which will go into effect this week. Analysts believe that e-vehicle-related stocks, such as EA, KCE, DELTA, STANLY, SNC, GPSC, PTT, BANPU, BPP, and BCPG, will benefit from the upcoming revision of EV import tariffs.
Headline: JMT and JMART to enter SET50 in the upcoming index revision
JMT Network Services Pcl. (SET: JMT) and Jay Mart Pcl. (SET: JMART) are anticipated to be included in the upcoming revisions of the SET50 and SET100 indexes. Meanwhile, THG, TIPH, AAV, and ONEE are set to join the SET100 index.
Headline: RT expects to secure additional projects worth more than THB700 million
Right Tunnelling Pcl. (SET: RT) sees a profit recovery in 2Q22 as the company begins to recognize an approximately THB6,900 million backlog during the quarter. In addition, RT anticipates securing additional projects worth roughly THB760 million over the next two months.
Headline: GULF invests THB340 million in Binance Labs Investment Fund
Gulf Energy Development Pcl. (SET: GULF) made a THB340-million investment in Binance Labs Investment Fund, a new venture capital fund issued by Binance Labs to invest in digital assets, digital infrastructure and blockchain technology. Analysts recommend a “BUY” rating on GULF with an anticipation that GULF will benefit from the new Vietnam’s Power Development Plan.
Headline: IRPC sees strong 2Q22 earnings outlook on momentum in refining business
IRPC Pcl. (SET: IRPC) expects its 2Q22 earnings to increase by leaps and bounds due to positive momentum in the refining and petrochemical industries. T he benchmark price for a ton of diesel reached USD39 per barrel as a result of a recovery in global demand. IRPC is attempting to increase production output in order to boost EBITDA to THB25 billion by 2025 and THB30 billion by 2030.
