Kaohoon’s Top News on March 17, 2021

– GUNKUL’s share price yesterday (March 16) closed higher 5.88% with an overwhelming trading value of 5,369.90 million baht, reaching its all-time high since entering the market on October 19, 2021, despite low P/E at 7x. and yield of 6-7%. “Sopacha” confirmed GUNKUL is riding a growth trend forecast to continue this year, signaling the readiness to step into cannabis-hemp business.

 

– AMATAV said the sales of land properties in Amata City Halong-Amata City Long Thanh in Vietnam will enhance its 2021 revenue to grow by leaps and bounds to nearly 1,000 million baht, while setting a budget of 3,000-5,000 for expanding investment this year.

 

– PTTEP unveiled its fallback option to avoid gas production discontinuity during the transition period as the company is currently facing difficulties to enter the Erawan field to install offshore production platforms after the negotiation with “Chevron” was a failure. PTTEP plans to import LNG and increase production capacity in the Gulf of Thailand to make up for production disruption at the gas field. Additionally, PTTEP said that it is planning an investment of US$400 million per year.  

 

– GULF expected EBITDA and revenue to grow 50% in 2021 as a combined 1,494MW power plant will start the COD this year, fostering the company’s total installed capacity to 7,903MW. GULF also set aside 30-40 billion baht for acquiring M&A deals both in Thailand and overseas, while targeting its current equity MW to reach 14,304MW in 2027 to push EBITDA to 40 billion baht per year.

 

– SKY expected its 51% owned subsidiary AOTGA to provide ground aviation services at Suvarnabhumi Airport to replace THAI. Furthermore, SKY has proposed the amendment of the company’s objectives to expand business as an electronic payment services provider. The shareholders will make a decision over this issue on April 28, 2021. 

 

– BTSGIF to rebound this year as revenue from investment is 3,289 million baht, increasing 88% YoY, and IRR is as high as 12.1%. However, BTSGIF still cannot afford to pay a dividend due to accumulated losses.