Kaohoon’s Top News on June 18, 2021

– Global Power Synergy (GPSC) revealed its overseas investment strategy, with the goal of increasing its renewable energy portfolio by 2,000MW through two megaprojects: a 1,700MW solar farm in India and a 200-500MW wind turbine in Taiwan. Deals for both projects are expected to be completed in 3Q21 and 1Q22, respectively. This investment is consistent with the company’s five-year plan to raise its alternative energy portfolio by 30%. Meanwhile, PTT, GPSC’s major shareholder, has approved a loan to the company in the amount not exceeding 20,000 million baht at an interest rate of not more than 3.00% per year, citing GPSC as the group’s power and renewable energy overseas flagship.

– PTT Global Chemical (PTTGC) said that the demand for petrochemicals showed signs of rebounding as the global economy recovered and product prices remained high. Mr. Kongkrapan Intarajang, PTTGC’s CEO, revealed that the company is on the approach of closing two large M&A transactions within the next 1-2 months. Meanwhile, the boards of directors of NatureWorks are expected to approve the investment in bioplastics in the near future.   

– Analysts anticipate a window dressing effort by institutions as the closing of the second quarter draws near. AOT, BDMS, BJC, EA, KCE, SCC, and UTP are among the stocks targeted. Additionally, analysts have outlined four sectors that will benefit from higher interest rates: exports (HANA, KCE, and TU), energy (PTTEP, TOP, and SPRC), real estate (AP and SC), and banking-insurance (KBANK and BKI).

– Ua Withya (UWC) has set a 500-600 million baht investment budget to swiftly construct 140 substation steel structures and telecommunication towers in the Philippines. Profit recognition is anticipated to commence this year. Additionally, the company presented its plan, which calls for the construction of 620 substations over the next three years. UWC estimates annual revenue of 400-500 million baht from the rentals. Noting that in June, the company will change its name to STOWER.

– Singer Thailand (SINGER) maintains a 25% revenue growth target with an expectation to boost its loan portfolio to 10 billion baht following its inclusion in the SET100 Index. By next year, the company intends to list its subsidiary SG Capital on the stock exchange. Analysts anticipate SINGER will have a net profit of 646 million baht in 2021, up 46%.

– Saintmed (SMD) gained over 27% on its first trading day, demonstrating investors’ confidence in the company. Mr. Viroje Vasusuttikulkant, CEO of SME, stated that the company will use the funds collected through fundraising to expand the business as planned, saying the revenue should expand at an average of 15% each year for the next 3 years.