Kaohoon’s Top News on August 27, 2021

– Jay Mart (JMART) is poised to announce the mega deal with BTS Group Holdings (BTS) today (August 27). Analysts said that this is a big synergy that can create more possibilities for both companies, expecting a dilution on JMART’s share not over 23%. The delivery business of Kerry Express could combine with JP Insurance, while JMART group could make good use of big data from BTS’ rabbit cards, and moreover, JMART’s mobile business can also settle in BTS stations as pop-up stores with VGI, MACO and PLANB as backups for media and advertisement.

– TRIS Rating removed CreditAlert with negative implication on Gulf Energy Development (GULF) following the results of the tender offer for the entire ordinary shares of Intouch Holdings (INTUCH) and Advanced Info Service (ADVANC). The tender offer costs GULF 48.6 billion baht in total, much lower than TRIS Rating’s initial estimate of 120-170 billion baht. Furthermore, TRIS Rating has affirmed GULF rating at A.

– Bangkok Chain Hospital (BCH) is anticipating another record revenue and earnings for 3Q21 from increasing medical services demand and the proactive Covid-19 testing, as well as new hospital openings in Thailand and Lao PDR. Meanwhile, gaining from the Moderna vaccination will contribute to BCH in the 4Q21-2Q22. 

– Gunkul Engineering (GUNKUL) forecasts sales of 10 billion baht this year, up 20% from last year, in anticipation of signing a new contract for an additional 700 million baht, boosting the company’s backlog from the current 9,600 million baht. GUNKUL established a three-year investment budget of 20,000 million baht (2021-2023), with the intention of continuing to expand the power generation capacity, investing in the hemp business, and growing the Built2Suit business.

– Sermsang Power Corporation (SSP) is confident that this year’s revenue will accomplish its target of increasing by at least 20%, while anticipating great results in the second half of the year following the COD of a combined 60-70 megawatts of installed capacity. SSP is pushing the closure of 1-2 further power plant transactions in order to improve the company’s capacity to 400 megawatts by 2025.