Kaohoon’s Top News on October 7, 2021

– The Thai Stock Exchange (SET) will announce the new formula for adjusting the SET50 and SET100 indexes for the first half of 2022 on Friday (October 8). Stocks placed in the cash balance will be excluded from the new calculation methods. According to analysts, DELTA and PSL are expected to be removed from both the SET50 and SET100 indices, while GULF, OR, SCGP, ADVANC, INTUCH, and PTTEP will all being safe from having their weightings reduced by fund investment.

– DOHOME and GLOBAL are expected to deliver strong third-quarter results despite the low season. DOHOME’s executive team stated that the company anticipated revenue to increase by 26-28% due to no effects from COVID-19 lockdowns, while earnings would grow 141% to 450 million baht. Analysts rate DOHOME “BUY” with a price target of 33.50 baht. Meanwhile, analysts forecast GLOBAL’s earnings of 631 million baht in 3Q21, up 39% YoY, as the company opened new stores, giving a “BUY” recommendation with a target price of 27.00 baht.

– CV to invest 260 million baht in the acquisition of two biomass pellet plants in Vietnam, with a total installed capacity of 240,000 tonnes per year. CV’s revenue would increase by more than 1 billion baht as a result of this investment.

– SiriHub Token is preparing to enter the secondary market following an outpouring of demand. MTC‘s executive team stated that the company will accelerate its acquisition of XPG‘s stake, with the goal of surpassing “Viriyah Insurance”. MTC also expressed confidence in its potential, stating that it is comparable to SCBX, with a cash in hand of 10 billion baht. Meanwhile, Sansiri (SIRI) transferred 23.7 billion baht in the first nine months, accounting for 76% of the target for the year 2021. SIRI planned to open seven new projects worth a total of 5,000 million baht in 4Q21.

– MAKRO will seek approval from the Extraordinary General Meeting of Shareholders on October 12 for the transfer of the Lotus Group’s operations in Thailand and Malaysia, which is expected to be completed by October 25. MAKRO also planned to sell the PO shares in order to increase free float to 15% from 7%.