Kaohoon’s Top News on July 1, 2021

– JWD Infologistics (JWD) yesterday (June 30) closed 10.56% higher as the company’s major shareholders have cut 49 million shares, representing 4.80% of the total issued shares, in a big lot transaction to its allies “Mr. Sura Khanittaweekul-Mr. Pongsak Thummathoucharee” and “Mr. Thirphong Chansiri-Mr. Rittirong Boonmechote” from Thai Union Group (TU), with the main objective to expand the company’s logistics business and network in the future. 

– Sri Trang Gloves (Thailand) (STGT), IRPC, Sri Trang Agro-Industry (STA) and KCE Electronics (KCE) will begin trading in the SET50 Index today (July 1). Analysts classified KCE as a Top Pick, anticipating institutional inflows of more than 365 million baht. While the overall business continues to perform well, the weak baht aided in boosting 2Q21 net profit, bringing the full-year earnings to more than 2.2 billion baht, an increase of 103%.

– Mr. Somphote Ahunai drove Energy Absolute’s (EA) and Nex Point’s (NEX) share prices higher for three consecutive days. Analysts anticipate NEX to produce a profit of 501 million baht, boosted by shared profit from AAB, and suggest a “BUY” rating with a target price of 12 baht.

– Nforce Secure (SECURE), the market leader in cyber security, will begin trading in mai today (July 1). Analysts anticipate the share price to rise somewhat over its initial public offering price of 16 baht. Mr. Nakrop Niamnamtham, Chairman of SECURE’s Executive Committee, set a revenue growth target of 15% for this year, citing increased demand for digital transformation services. Analysts have given a target price of 20-24.20 baht.

– The Minister of the Digital Economy and Society suspended the auction for satellite orbit on July 24 due to concerns about the impact on satellite orbit management when the contract expires in September. Analysts recommend keeping an eye on “mu Space,” a company founded by persons associated with “Prayut,” as a possible replacement.

– Analysts decrease Muangthai Capital’s (MTC) 2021 growth prediction to 5.8%, citing lower loan interest rates and a delayed economic recovery. Personal loan interest rates have been reduced to 24% from a maximum of 25%, with the Bank of Thailand stating that every 1% reduction in this rate has a 0.5% impact on operating outcomes.