Kaohoon’s Top News on August 18, 2021

– According to “Rathian Srimongkol,”  Xspring Capital (XPG) is ready to invest after the capital increase is completed, with more than 10 billion baht in cash on hand. Analysts advise investors to keep an eye on five financial business units, including securities and mutual funds, with the goal of increasing AUM to 10 billion baht next year. Meanwhile, a digital asset company collaborating with Sansiri will launch token sales in September. Currently, 17 licenses are available for asset management (AMC) and investment management businesses, allowing for future growth. The company has confidence it will post substantial growth in profit in 2022.

– The Securities and Exchange Commission (SEC) reported that the Thai market has raised more than 140 billion baht in the second quarter of 2021 through equity instruments, while the offering value of bonds increased to 400 billion baht. 566 listed companies recorded a combined net profit of 2.76 billion baht, a 119.4% increase over the previous year. However, profits of public companies are expected to fall 40.5% in the second half of this year.

– BANPU put aside 45,000 million baht to support a five-year investment plan (2021-2025) aimed at advancing natural gas power plants, renewable energy, and energy technologies. As for the coal business, no additional investment is expected. The company anticipates that EBIDA in the clean energy sector will reach 50% by 2025.

– BTS Group Holdings (BTS) ended the first quarter with a profit of 1,383 million baht, a 212 percent increase, due to a profit of 481 million baht from the sale of Thana City land, plus a lowered loss of 460 million baht from an associated company. Meanwhile, Bangkok Expressway and Metro (BEM) reported a net profit of 201 million baht in the second quarter, up 32% due to cost reductions.

– Nine hospital stocks delivered an outstanding earnings result in the second quarter of this year. Bumrungrad Hospital (BH)’s net profit surged 387%, Ratchaphruek Hospital (RPH)’ net profit rose 366%, Bangkok Chain Hospital (BCH)’s earnings grew 311%, Bangkok Dusit Medical Services (BDMS)’s net income jumped 217%. Meanwhile, the net profit for the first half of this year of  Ladprao General Hospital (LPH), Vibhavadi Medical Center (VIBHA), Chularat Hospital (CHG), and Rajthanee Hospital (RJH) increased 231%, 374%, 1,029% and 113%, respectively, while Thonburi Healthcare Group (THG) booked a net profit in 2Q21 of 84 million baht.