Kaohoon’s Top News on August 10, 2021

– Today (August 10), four blue-cap stocks are scheduled to report their second-quarter financial results. Sri Trang Gloves (Thailand) (STGT) is predicted to report a 640% increase in net profit to 7,800 million baht, while IRPC is expected to report a profit of 4,380 million baht due to improved refinery and petrochemical operations. PTT Oil and Retail Business (OR) and Thai Oil (TOP) are forecasted to have a strong net profits of 3,134 million baht and 2,600 million baht, respectively.

– MSCI and FTSE downgrade Intouch Holdings (INTUCH) as its free-float declines, which has no effect on its base but could result in a capital flight of more than 3.9 billion baht. On the other hand, analysts see an opportunity for investors to buy INTUCH, setting a target price of 70 baht.

– Investment Analysts Association (IAA) forecasts the SET Index to sink below 1,500 points if the Covid-19 outbreak persists and vaccination campaigns continue to be delayed. IAA, however, promotes Dividend Plays with a lagged price, including TU, ADVANC, KCE, GPSC, BGRIM, STA, and NER.

– Supalai (SPALI), Land and Houses (LH), and AP (Thailand) (AP) are expected to report their second-quarter financial performance today. SPALI will post a record net profit of 1,548 million baht, up 269% year on year, while LH will announce earnings of 1,757 million baht, up 26%. AP’s revenue for 6M21 is estimated to be 2,488 million baht.

– Srisawad Corporation (SAWAD) announced the launch of a new loan service, Fast Money Loan, which will offer motorcycle title loans at a low interest rate of 1.5% for a 12-month term. Thida Kaewbootta, director of SAWAD, stated that the company anticipates a 23% increase in second-quarter earnings to 1.21 million baht.

– PTT Global Chemical (PTTGC) delivered a 2Q1 net profit of 25,035 million baht, up 1,398%, mainly due to an extra gain from the disposal of Global Power Synergy (GPSC) at the amount of 10,000 million baht, coupled with a rising of refinery and petrochemical prices. North East Rubber (NER) reported a 95.13% increase in earnings in 2Q21 and an 182.78% increase in net income in 6M21, while paying a 0.07 baht dividend.  Meanwhile, Thai Union Group (TU)’s 2Q21 net profit was at a new, all-time high of  2,343 million baht, up 36.5% year on year. With robust net profit, TU announced a dividend payment of 0.45 baht.