Kaohoon’s Top News on June 15, 2021

– Yesterday (June 14), Jasmine International (JAS) was traded at 3.38 baht, up 0.42 baht or 14.19%, with a trading value of 5,257.52 million baht. JAS’s share price spike was anticipated to be fueled by speculative buying as the dispute over revenue sharing for the undersea cable network under the joint venture contract with NT nears conclusion. JAS is expecting to earn more than 4.5 billion baht in cash as a result of the settlement.

– Today (June 15), the Central Bankruptcy Court will consider Thai Airways International’s (THAI) rehabilitation plan. The creditors, led by Bangkok Bank (BBL), are slated to provide THAI with a 25 billion baht initial tranche of finance.

– Maybank Kim Eng projected CK Power (CKP) to earn a stunning 750 million baht profit in 2Q21 as energy sales in Lao PDR improved. The forecast for 3Q21 is expected to increase further as a result of the rainy season and flooding, with CKP profits estimated to exceed 1 billion baht. Maybank suggested a “BUY” rating with a target price of 6.50 baht per share in anticipation of 2021 profit to hit a new record high of 2.1 billion baht, up 449%.

– Stars Microelectronics (Thailand) (SMT) is confident that its income will exceed 2,535 million baht in 2021 as a result of an outstanding order volume of more than 30-40 million baht a week till mid-next year. Analysts suggested a “BUY” rating with a target price of 8.00 baht per share, citing the company’s profitability.

– General Natthapon Nakpanich, director of the Centre for Covid-19 Situation Administration (CCSA), has come to the conclusion with the Ministry of Public Health and the Bangkok Metropolitan Administration regarding Covid-19 vaccine allocation, stating that the vaccine has been ordered but has not yet arrived. He did, however, confirm that the vaccination campaign will proceed as planned, with approximately 9 million vaccine doses arriving in Thailand this month.