Headline: Thai market is expected to rebound swiftly due to limited impact of the Russia-Ukraine war
The Federation of Thai Capital Market Organizations (FETCO) forecasted that global stock markets would remain volatile and vulnerable to sell-offs as long as tensions between Russia and Ukraine remains, in contrast to the Thai market, which is expected to shrug off the crisis and rapidly rebound. The Thai market also benefited from investment shifts away from Russia and Europe to Asia market. Meanwhile, Capital Nomura Securities maintains its index target of 1750 points for this year and recommends TIDLOR, JMT, and hospital conglomerates such as BCH.
Headline: BBGI will begin trading in Thai market today, With shares likely to trade between THB12.00-13.00
Today, BBGI Plc. (SET: BBGI) begins trading on the stock market for the first time. Analysts anticipate the share price to rise above its IPO price, citing the company’s growing ethanol and biodiesel businesses, as well as new business in “high-value bio-products.” This year’s target price is THB15.00 per share.
Headline: Alibaba receives a license to deliver cloud computing services in Thailand
Alibaba Cloud has been given a license to deliver cloud computing services in Thailand. According to analysts, this would be beneficial for Interlink Telecom Plc. (SET: ITEL), as it would foster competition and encourage total market growth without adversely harming Internet Thailand Plc (SET: INET).
Headline: EPG forecast sales to top THB11 billion this year
Eastern Polymer Group Plc. (SET: EPG) anticipates sales of THB11 billion in 2021/22, with a gross profit margin of up to 29-30 percent, as the Russo-Ukrainian war has had little effect on operations. Analysts rate the stock “BUY” with a target price of THB15.00 and forecast earnings of THB1,652 million, a record high.
Headline: EASTW petitions the Court to postpone the Ratchaphatsadu Land Committee resolutions’ implementation
The Administrative Court will hold an emergency hearing on March 28 after Eastern Water Resources Development and Management Plc. (SET: EASTW) requested a delay in the implementation of Ratchaphatsadu Land Committee resolutions on the eastern water pipeline management project, claiming that the decision to award the project to Vongsayam Korsang Co., Ltd. is unlawful.
