Headline: Analysts recommend 16 stocks ahead of the legalization of cannabis on June 9, 2022
In anticipation of the legalization of cannabis on June 9, 2022, analysts have selected 16 stocks that are expected to enjoy a significant increase in their share prices, including GUNKUL, RBF, EE, IP, DOD, NRF, CBD and THC, as well as ICHI, SAPPE and OSP and CBG KISS and BEAUTY JKN.
Headline: BCPG to collect THB200 million from its solar power plant in Japan
BCPG Pcl (SET: BCPG) expects collecting approximately THB200 million this year from its solar power plant in Japan. BCPG has set aside THB95 billion for investment over the next five years, with plans to increase its investments in Lao PDR, Japan, Taiwan, and the Philippines. The cross-border transmission line system project between Lao PDR and Vietnam is projected to be completed by the end of the year, which will increase the company’s EBITDA by 25 to 35 percent.
Headline: IP partners with Innobic to boost its capacity in distribution full-range healthcare
Inter Pharma Pcl. (SET: IP) has partnered with Innobic to enhance research and development of full-range healthcare products from upstream to downstream on a domestic and worldwide scale. It is anticipated that the collaboration will double IP’s revenue to THB1,800 million this year.
Headline: VGI expects its revenue this year to reach THB7,000 million
With the steady recovery of OOH advertising and the expectation of full-year profit from Fanslink, VGI Pcl. (SET: VGI) has set revenue growth in 2022/23 of THB6,500-7,000 million with a profit margin of over 10%.
Headline: TRUE and DTAC request Dr. Lee’s removal as director of the consumer protection board
True Corporation Pcl. (SET: TRUE) and Total Access Communication Pcl. (SET: DTAC) had sent a letter to the Office of The National Broadcasting and Telecommunications Commission (NBTC) requesting that Dr. Prawit Leesatapornwongsa be removed from his position as director of the consumer protection board due to concerns regarding his transparency.
