Kaohoon’s Top News on August 9, 2021

– Gulf Energy Development (GULF) to record 1.67 billion baht in 3Q21 from Intouch Holdings’ (INTUCH) interim dividend, based on the company’s 42.25 percent stake, boosting the company’s full-year profit by at least 50%. Analysts forecast that GULF’s earnings would double to about 12 billion baht in 2022, owing to the distribution of the Gulf SRC power project (GSRC) and INTUCH.

– Global Power Synergy (GPSC)’s net profit was 2,302 million baht in 2Q21, up 21% from 2Q20, due mostly to an increase in profit sharing from the Xayaburi hydropower plant, which resulted in a 23 percent increase in 6M21 earnings to 4,276 million baht. Meanwhile, PTT Global Chemical (PTTGC) today (August 9) is likely to report a record net profit of more than 20 billion baht in 2Q21, a 1,000% growth. This was achieved through the strength of its core businesses and extra revenue from the sale of GPSC.

– In 2Q21, Index Living Mall (ILM) recorded a net profit of 101.05 million baht, increased by 596.7% from the same period last year, while in 6M21, the net profit was 246.4 million baht, increased by 85.7%. ILM, also, passed a resolution to offer an interim dividend payment at the rate of 0.15 baht per share with an Ex-dividend date on August 19, 2021. Meanwhile, UAC Global (UAC) posted a 2Q21 earnings of 56.77 million baht, up 114.82% from the same period last year. The company is confident that full-year revenue will reach the 10% growth target.

– Today (August 9), North East Rubber (NER) and Thai Union Group (TU) are scheduled to release their second-quarter operating results. Analysts anticipate NER to announce a new record core profit of 440 million baht, up 95.5 percent year on year, on the back of strong rubber sales. TU is projected to report a net profit of 2,018 million baht, up 25% year on year, as the peak season for its products has arrived.

– Mr. Songklod Wongchai of FSS International Investment Advisory Securities Co., Ltd. (FSSIA) forecasts that the SET Index will move between 1,480 and 1,550 points in August, advising investors to accumulate if the index falls below 1,500 points. Additionally, FSSIA highlighted the five best resilient stocks in the aftermath of the Covid-19 pandemic: SCGP, EA, CBG, JMT, and SNNP.

– The Bank of Thailand (BOT) will cut debt collection fees in an effort to assist debtors in the midst of the Covid-19 outbreak. Analysts predict a negative impact on small banks, but encourage investing in Bangkok Bank due to its modest hire purchase loan portfolio (BBL). Meanwhile, the Chief Executive Officer of JMT Network Services (JMT) told “Kaohoon Online” that the policy had a limited to no effect on the company because it does not charge for debt collection. On the other hand, debtors who pay via the “Jaii-Dee” application before or on the due date earn JFIN Coin, which they may then use to receive a discount on the company’s items.