Kaohoon’s Top News on August 13, 2021

– Gulf Energy Development (GULF) is projected to earn a higher dividend income from Intouch Holdings (INTUCH) in anticipation of collecting the full dividend payout from Advanced Info Service (ADVANC). Analysts forecast GULF would generate approximately 3-4 billion baht in annual revenue as ADVANC is expected to increase dividend payouts from 70% to 100% of consolidated net profit. GULF’s D/E ratio has decreased to 1.7-1.8x from 3x following a business merger with INTUCH. GULF intends to build its digital infrastructure business through INTUCH’s group, as GULF expects long-term synergies from ADVANC. GULF is scheduled to release its second-quarter results today (August 13). Analysts predict a net profit of 1,817 million baht, giving a target price of 40-47 baht.

– Jay Mart (JMART) to provide warrants to purchase ordinary shares of JMART-W5 at a price of 70 baht per unit today (August 13). The analysts stated that JMART and its subsidiaries performed better than expected in 2Q21. JMT Network Services (JMT) earned a record 289 million baht in net profit, up 27% year on year, and paid a dividend of 0.40 baht, while Singer Thailand (SINGER) earned a record 182 million baht in net profit, up 59% year on year, and paid a dividend of 0.15 baht. As a result, JMART’s net income increased 13.1% in the first half of the year and the company will pay a dividend of 0.40 baht.

– PTT reported a 103% increase in 2Q21 net profit to 24,578 million baht, significantly higher than the company’s full-year earnings in 2020, owing to stronger performance in the refining and petrochemical divisions, as well as a more than 7 billion baht stock gain. Meanwhile, Banpu Power (BPP) has invested 14 billion baht to acquire a 100% stake in Temple I, a combined cycle gas-fired power plant in Texas, USA, with a generating capacity of 768 MW. The acquisition is scheduled to close in the fourth quarter of 2021.

– B.Grimm Power (BGRIM) expects to conclude the acquisition of additional power plants totaling 500 MW in the second half of this year. Today (August 13), the company is set to release its second-quarter earnings. The analysts forecast a net profit of 751 million baht, up 22.8% year on year, on the back of a 40% increase in electricity sales to industrial users (IUs). 

– Supalai (SPALI) posted a net profit of 1,730 million baht in 2Q21, an increase of 312%, pushing the first six months of 2021’s earnings to 2,471.54 million baht, up 11%, and approved a dividend payment of 0.50 baht. COM7 reported a net income of 1,152.7 million baht, up 105% year on year. Meanwhile, Sri Trang Agro-Industry (STA) delivered a 361% increase in 2Q21 net profit to 5,043 million baht, resulted in a net income for the first half of this year to hit 11,002 million baht, an increase of 464%, and offers a dividend of 1.25 baht.