Kaohoon’s Top News on February 23, 2021

– Pakornwut Udompipatskul from the Move Forward Party exposed that “Prayut-Prawit” have been involved in the NBTC board selection dispute to favour their allies. Moreover, both Generals also engaged in “Playwork” over the conflict with MCOT, damaging the country to lose up to 1,600 million baht. 

 

– Thai Royal Army and EGAT are compiling the 30,000MW solar farm data in order to propose to the Prime Minister within April. If the government gives a greenlight, the pact expects to sign a PPA by the end of this year. Besides, PTT is interested in energy storage systems (ESS).

 

– FTSE Rebalance to weigh down Thai market on March 19, 2021, as well as large-cap stocks such as PTT, TMB, SCC, CPALL and AOT. Expecting an outflow of US$120 million. Also, MSCI Rebalance set to weigh down the SET on Feb. 25, estimating an outflow of US$41 million.

 

– GULF’s 4Q20 net profit skyricketed 85% YoY to 1,239 million baht after recording a revenue from BKR2 wind farm in Germany, bringing a total revenue for the year 2020 to 35,833 million baht, an increase of 7% YoY with earnings of 6,144 million baht, down 14.3% YoY. GULF targeted a 50% growth in revenue this year from the COD of IPP with a combined production capacity of 2,650MW.

 

– “Prayut” affirmed the first 200,000 doses of coronavirus vaccine will arrive in Thailand on Feb. 24. Analysts picked 4 stocks to take an advantage from vaccination campaign including MINT (TP: ฿34), CPN (TP: ฿60), BDMS (TP: ฿24) and AAV (TP: ฿3.2).

 

– TU reported an outstanding 2020 net profit of 6,246 million baht, reflecting a 64% growth YoY, as the results of a 4.9% expansion in sales to 132 billion baht, offering a dividend payment of ฿0.40/share with an XD on March 8, 2021. In addition, the Board has approved a plan to list Thai Union Feedmill Public Company Limited (TFM), a subsidiary of TU, on the SET.