Kaohoon’s Top News on January 28, 2021

– The analyst stated that every OR’s subscribers would receive at least 300 IPO if subscribers are less than 2 million. According to the historic data, TFFIF had 40,000 subscribers, while SCGP and BAM had only 10,000 subscribers. Thus, the analyst expected OR to trade at a high volume on the first trading day due to low free float and a lower allocation than demand, resulting in investors and institutional investors to purchase from the board instead.

– SCC’s 2020 earnings were better-than-expected, reporting 34,144 million baht, an increase of 7% from a year before, supported by better operating results from all business sectors. The Board of Directors approved a dividend payment at Bt8.5 per share, representing a total of Bt14 per share dividend payment last year. The ex-dividend date will be on April 8, 2021, and the payment date will be on April 23, 2021.

– GUNKUL projected sales revenue to grow 15-20% in 2021 after expecting a 30% growth in 2020. Moreover, the company planned to increase its production capacity to 1,000MW within 2023 with an investment value of 10 billion baht, while recording over 10 billion baht of backlog from EPC works. The analyst forecasted a 1,500 million baht of net profit in 4Q20, an increase of 186%, which would push GUNKUL’s 2020 earnings to 3,219.58 million baht. Thus, the analyst recommended “BUY” at a target price of ฿3.25/share.

– MCOT union stated that the union did not know about the court’s petition that “Playwork” filed against the company, requesting compensation of 17,543.96 million baht regarding the remedial payment for returning 2600MHz spectrum.

– The Board of Directors of EXIM Bank will resolve the resolution for a soft loan to support airlines, today. The loan is expected to fund the employee’s salary, which will be proposed to the Ministry of Transport. The resolution should be announced next month. The analyst expected AAV, BA and NOK to benefit from the loan.