Kaohoon’s Top News on May 14, 2021

Net income of PTT in 1Q21 was reported at 33 billion baht, increased more than 100.0% from a year earlier. This resulted from the improvement of all business units, together with a stock gain of 12 billion baht. The demand for petrochemical products is on an uptrend, which is in line with the recovery of the economy.

PTT, also, expected to report a promising operating result in 2Q21, as the price of crude oil rose to $64.5 per barrel.

 

Despite being in the midst of the Covid-19 pandemic, CPF made a net profit of 6,945 million baht in 1Q21, up 14%, due to improved efficiency, marketing, and value-added in its food products.

 

In 1Q21, JAS had a net loss of 265 million baht. After announcing a 73% decrease in net loss, JAS is expected to return to profitability this year. In addition, JAS hoped to gain about 4,500 million baht from the submarine optical cable dispute with National Telecom.

 

TQM set a new record net profit of 202 million baht in 1Q21, up 12%, as its customer base grew to 1.5 million. TQM is also confident that its successful performance will continue in 2Q21, thanks to massive demand for Covid-19 insurance, which could result in a full-year revenue of more than 25,000 million baht. Meanwhile, from 3Q21 onwards, a joint investment in True Life Broker and True Extra Broker will start generating revenue.

TQM is anticipated to earn 880 million baht in the full year, with analysts recommending a “BUY” rating and a target price of ฿168.00/share.

 

Stocks in the logistics sector including WICE, SONIC, III and JWD reported a healthy performance despite Covid-19. WICE had a net profit of 81.59 million baht, growing 169.58%. III’s net income spiked 243.6%. SONIC posted earnings of 40.74 million baht, jumping over 200%. While JWD’s net profit was 140.8 million baht, up 50.6%.

 

JMART’s 1Q21 earnings jumped nearly 220% to a new high of 333 million baht, handing out ฿0.15/share dividend and issuing JMART-W5, with a maturity date in 4 years at the exercise price equals to Bt70.00 per share. JMART is convinced that the company’s full-year income will expand 50%.