Kaohoon’s Top News on February 25, 2021

– MSCI to raise weightage on OR–GULF today (Feb 25), which will lead to a combined flow of 4.75 billion baht. Overall, the SET Index is expected to contract as MSCI has reduced the weight of large stocks such as PTT, CPALL, SCC, AOT, ADVANC, BDMS, KBANK, PTTEP, PTTGC, BBL-F, INTUCH and DELTA. Meanwhile analysts reaffirmed OR and KISS will survive the cash balance measure, but TQR is at risk.

 

– PTTGC targeted the M&A deal with high-EBITDA companies (more than 10 billion baht annual) to complete this year, stating the negotiation with partners for a joint investment in a petrochemical complex in the USA is expected to be cleared soon. Furthermore, PTTGC confirmed the sales revenue for the year 2021 will grow by 8-10% as the production capacity and selling price surge.

 

– RT reported a net profit of 238.14 million baht in 2020, an increase of 82.24% YoY. STARK’s net profit skyrocketed 1,198.1% YoY to 1,600.66 million baht. PIMO delivered outstanding earnings of 79.44 million baht, up 178.93% YoY. While KUN booked a net profit of 84.65 million baht, jumping 49.4% YoY.

 

– The Ministry of Energy supported the investment of a petrochemical phase 4 project in EEC, expecting the study of the project will be concluded in the midyear. 

 

– PTTEP announced a discovery of gas at the Dokong-1, in Sarawak SK417 Project, located in offshore Malaysia, and planned to conduct the second exploration in the middle of this year. Meanwhile GPSC and OR have unveiled G-Box, a 150 kWh battery energy storage system, at PTT station Nongkhaem, as a pilot project for electric vehicle trends.