Kaohoon’s Top News on January 18, 2021

– Thai commercial banks were expected to release their 4Q20 earnings results this week. Analysts advised investors to monitor the reports, which could have an impact to SET Index this week. Analysts also estimated that SCB and KBANK were the main focus for the fund inflow due to the FOL and NVDR availability.

– LEO signalled for outperforming earnings in 2021, expecting an increase by 20-25% in revenue to consecutively make a new high from 2020 due to higher traffic in air and sea freight transportations. Meanwhile, the analyst recommended “BUY” at a target price at ฿7.30/share. The company’s shares also had a high turnover that the Stock Exchange of Thailand put LEO into a “cash balance” measure, starting 18 Jan. – 25 Feb.

– The analyst forecasted MTC’s 4Q20 to make a new high at 1.37 billion baht, an increase of 21% from an expansion in loan business, coupled with an increase of new branches. In addition, the analyst recommended “BUY” at a target price at ฿80.00/share.

– RBF set 2021 revenue target to increase 10-12%, emphasizing smooth performance in receiving orders, while every factory continued to operate as normal. The company affirmed that the Covid-19 outbreak did not affect RBF’s business operations. Meanwhile, 2020 earnings were expected to increase 10-12%.

– The analyst expected SCC’s 4Q20 earnings to reach 7,572 million baht to accumulate its yearly earnings at 33,669 million baht, representing an increase of 5.2%. The company also expected a dividend handout of ฿9.50/share as the analyst recommended “BUY” at a target price at ฿420.00/share in response to positive outlook in 2021 due to the recovery in the petrochemical business.

– The Department of Rail Transport published a statement to the Bangkok Metropolitan Administrator to consider the increase of train fare for the Green Line.