Kaohoon’s Top News on March 2, 2021

– SAWAD is confident that the revenue this year will grow by 20% following the business restructuring, ensuring a positive financial position and business allies to boost 4 affiliated companies’ growth including BFIT, SAWAD 2014, asset management company (AMC) and “Fast Money” which jointly invested with Government Savings Bank. Also revealing that the car title loans at the low interest rates will be launched in March. 

In addition, SAWAD has appointed “Wichit Payuhanawichai” who has high experience in the finance industry to control “Srisawad Capital (SCAP)”. 

 

– GULF-PTT set to ink the 84 billion baht contract for Laem Chabang Port Project Phase 3 after agreeing to increase returns to the state to 29,050 million baht. “Saksayam” said the EEC Policy Committee on Monday (Mar 1) has approved this additional amount of returns and will be proposed to the Cabinet.

The Laem Chabang Port Development Project Phase 3 is considered as 1 of 5 largest infrastructures in the Eastern Economic Corridor Area (EEC) to be developed under a Public Private Partnership (PPP) Net Cost model for a period of 35 years where the private sector has an ownership over revenue and is required to generate a revenue sharing to the state. 

 

– JMART targets an all-time high net profit in 2021 after the 2 significant deals closed, while the Board has approved the dividend payment of 0.24 baht per share. JMART also expects a hundred billion baht company’s market value. Analysts suggest to keep eyes on JMART’s 1Q21 performance as the company will book a 100 million baht revenue from KB deal.

 

– ACE’s earnings break its record for the fourth consecutive years. In 2020, net profit was 1,508 million baht, an increase of 85% YoY due to a spike in sales and service revenue to 4,988 million, signalling a bright prospect in 2021 from more power plants acquired. Still, targeting its total production capacity to reach 1,000MW by 2024.

 

– STARK confirms another new high this year, projecting a total revenue of 19-20 billion baht, an increase of 15% YoY, At present, STARK’s backlog is 9 billion baht. Meanwhile, EP reported a net profit og 1,135 million baht, surging 74% YoY. SSP’s earnings were 765 million baht, growing 37% YoY and DEMCO posted a net profit of 55.20 million baht, up 58% YoY.

 

– Kahoon Turakij picks 4 infrastructure funds with high dividend yield including JASIF (yield 10.53%), DIF (yield 9.24%), EGATIF (yield 6.94%) and TFFIF (yield 4.50%). All 4 funds offer 4 dividend payments per annual or every quarter.