Kaohoon’s Top News on March 29, 2021

– To prolong 5G license payment seems aimless as the plan has yet to be delivered to the NBTC. “Dr. Lee-Prawit Leesatapornwongsa” said NBTC has to consider all aspects carefully to ensure that the plan of delaying payment does not violate the regulations, and also to avoid lawsuits against the office.

 

– ACE targeted more M&A deals this year, stating that the company is currently discussing with 3-4 partners. Furthermore, ACE planned to participate in bidding for community-based power plant projects; the pilot power plant and waste-to-energy plant, to boost the production capacity to 1,000MW by 2024. Analysts recommended “BUY” with a target price of ฿5.20/share.

 

– ORI signalled a bright earnings outlook in 1Q21 as the 10 new projects worth more than 13 billion baht will start to generate revenue from this quarter onwards. ORI also revealed that the company has booked a gain of 4 billion baht for the first two months of this year, representing an increase of 15% YoY. For the year 2021, ORI set the revenue target of 29 billion baht.

 

– Foreigners continue buying the KTC’s share to reach 24%. While KTC is set to propose the agenda of acquiring 75% stake in “Krung Thai Leasing” to the shareholders’ meeting for consideration on April 8, 2021. The acquisition is aimed to foster KTC P’ Berm service a more comprehensive offering. 

 

– HANA–KCE surged in response to Thai baht weakening against the US dollar. Last week the baht was at 31 to the US dollar, thus the analysts foresaw the issue to support those two stocks’ earnings outlook this year, recommending “BUY”  on HANA with a target price of ฿63.00/share and KCE with a target price of ฿63.50/share.

 

– The analyst recommended 7 best cheap stocks with a high EPS Growth for speculative buy including 7UP (EPS growth at 40%), AKR (19%), CCP (30%), ESTAR (258%), KIAT (43%). PRIME (324%) and SKE (35%).