Kaohoon’s Top News on September 27, 2021

– Analysts are unanimously positive about Siam Commercial Bank (SCB)’s new business model of fully transforming to Financial Technology (Fintech), giving a target price of up to 150 baht. SCBx is anticipated to pay an additional dividend of 5.1-6.2 baht per share in 2Q22. Analysts advise investors to keep an eye on Kasikornbank (KBANK) on potential transferring its operations to a holding company.

– ATP30 has entered into a service contract with ARUN Plus Company Limited, a subsidiary of PTT, for the operation of the shuttle E-Bus service. Besides that, the company intends to advance its E-Bus and EV Charging Station development study, anticipating the final stage within 1-2 years. ATP30 expects a 15% increase in revenue this year when the COVID-19 is eased.

– The Energy Regulatory Commission (ERC) announced the list of 43 selected candidates for the Community Power Plant for Local Economy Project (Pilot Project). Absolute Clean Energy (ACE) has been awarded 18 projects with a total power purchase agreement (PPA) capacity of 50MW. SCI Electric (SCI) won 4 projects with a total production capacity of 11MW. Clover Power (CV) acquired 3 projects, while UAC Global (UAC) won 1 project.

– Last week, speculation on Hwa Fong Rubber (Thailand) (HFT) drove the share price up 5.88%. The director team confirms that revenue will meet the target of 3,200 million baht this year, increasing to a record high in 4Q21 due to seasonality.

– Padaeng Industry (PDI)’s Extraordinary General Meeting approved the acquisition of an additional 49% stake in the Four Seasons Hotel Bangkok and Capella Bangkok, with the goal of reaching 100% ownership by 2022. Additionally, the company has approved the sale of its remaining solar energy business in advance of the company’s rebranding as “Bound and Beyond” (BEYOND).

– Investors dumped finance stocks due to concerns about profit declines following Siam Commercial Bank (SCB)’s establishment of SCBx to accelerate proactive expansion into financial business. Analysts predict that AEONTS and KTC will suffer the greatest losses, followed by MTC, AMANAH, TIDLOR, and SAWAD.