Kaohoon’s Top News on September 30, 2021

– On September 29, 2021, BGSR Consortium, consisted of BTS, GULF, STEC and RATCH has officially signed the PPP agreement on the 39 billion baht O&M contract for the Intercity Motorway No. 6 (Bang Pa-In – Nakhon Ratchasima) Project (M6) and the Intercity Motorway No. 81 (Bang Yai – Kanchanaburi) Project (M81) covering 30 years. Both motorway projects are expected to commence operations in 2023.

GULF expects to sign a contract worth more than 84 billion baht for the Laem Chabang Port Phase 3 in October, while RATCH has set aside 31 billion baht to add 1,000MW of production capacity to its power portfolio by the end of the year.  

– BTS has filed a complaint with the Administrative Court pursuing to sue the Bangkok Metropolitan Administration (BMA) and Krungthep Thanakom Co., Ltd. (KT) for a 12 billion baht debt from the operation of the skytrain extension. Currently, the Administrative Court has accepted the complaint and is in the process of granting BMA and KT the right to make a statement.

– FORTH refused to remove Thai Airways (THAI) from the aircraft maintenance center at Don Mueang Airport, citing the fact that FORTH MRO focuses on small-to-medium-sized aircraft, whereas THAI specializes in large aircraft.

– The Monetary Policy Committee (MPC) unanimously voted on Wednesday (September 29) to keep the benchmark interest rate at 0.50%, citing signs of recovery in the Thai economy following the relaxation of COVID-19 lockdowns. Analysts believe that having the policy rate at a record low will benefit banking stocks, estimating a total profit of 30 billion baht for the sector in 3Q21.    

– CPANEL begins trading in mai today (September 30). On the back of a strong foundation, the share price is expected to rise above the IPO price of 6 baht. The proceeds from the fundraising will be used to support the construction of a new factory in order to increase production capacity.

– Ubon Bio Ethanol (UBE) is now trading on the SET Index. Analysts predict that the share price will outperform the IPO price, with earnings of 170 million baht this year and 200 million baht in 2022. The company intends to raise funds in order to expand its tapioca flour and organic product lines.