Kaohoon’s Top News on December 18, 2020

– The Bank of Nova Scotia (BNS) sold 4.4 billion shares or nearly 5% of TMB’s ordinary shares at the average price at 1.14 baht to book more than 5,000 million baht. Meanwhile, the bank stated that other major shareholders in TMB still hold their portion firmly and the disposal from BNS will not affect TMB’s fundamentals. The company expected more than 10 billion baht in 2020 earnings, an increase from 7.2 billion baht of last year.

– PRINC launches a 3-year plan, targeting 30% growth, the number of beds nearly doubled to 1,800 beds from 980 beds, adjusting strategy to expand partnerships with an opening the opportunity to participate in shareholders which help solve the problem of low free float.

– PTTGC received Kaohoon’s “Popular Stock in Industrial-Product Sector” award, signaling its sales to expand 8-10% in response to the increase in production capacity. Meanwhile, the outlook in the petrochemical market is better, which would increase its selling price. The company expected more M&A overseas and to look for more partners to invest in a petrochemical complex in the U.S.

– The analyst stated that 485 funds would budget 11 billion baht to acquire stocks expecting to include in SET50 and SET100 namely, DELTA, BAM, COM7, JMART and MBK.

– ACE signaled for continuous growth after booking 1,253 million baht of profit in the first nine months, which was higher than the whole year of 2019’s profit. The company has two power plants with a total production capacity of 15MW expecting to commercialize this year to increase ACE’s total production capacity to 450MW. The company estimated its production capacity to reach 1,000MW in 2024.