Kaohoon’s Top News on June 30, 2021

– Thailand reaffirmed the 120-day deadline in mid-October to fully reopen the country to foreign visitors will proceed as planned with a goal of 50 million people vaccinated at least one dose against Covid-19 by early-October. According to the latest update, about 6.72 million people have received vaccines as of June 28, 2021, still missing 43.2 million people to reach the target. Meanwhile AstraZeneca confirmed to deliver the vaccine as scheduled to Thailand. 

– Bangkok Chain Hospital (BCH) anticipates strong revenue growth from Covid-19 services in 2Q21. Furthermore, the company plans to launch Kasemrad hospital in the Lao People’s Democratic Republic in 3Q21. Analysts expect a new record net profit of 650 million baht in 2Q21, an increase of 130%, and therefore suggest a “BUY” rating with an upgraded target price of 25 baht.

– The Electricity Generating Authority of Thailand (EGAT) is anticipated to submit to the Ministry of Energy a proposal to increase solar floating capacity from 2,725MW to 5,000MW, with the goal of including it in the PDP 2022 plan, which has the ability to accomplish more than 10,000MW.

– PTT President & Chief Executive Officer, Mr. Auttapol Rerkpiboon, expects to conclude the collaboration with Chinese alliance “Foxconn Group” within 90 days. Also, the company aims to establish a headquarters facility in Thailand to produce electric vehicles (EVs) with a goal annual production capacity of 100,000 vehicles.

– Analysts predicted Thai Vegetable Oil’s (TVO) earnings to double to 750-800 million baht in 2Q21, boosting the company’s first-half net profit to 1,600-1,680 million baht, up 92-100%. TVO has been assigned a “Speculative-Buy” rating by analysts, with a target price of 38 baht.