Kaohoon’s Top News on October 15, 2021

– On October 20, the Office of the Consumer Protection Board (OCPB) will hold a public hearing on new car hire purchase criteria that will cap interest at 15%. Entrepreneurs, on the other hand, oppose the criteria adjustment due to the high risk. According to analysts, SAWAD, AMANAH, and NCAP will be considerably impacted, while TIDLOR and MTC will be less impacted. Meanwhile, SINGER, THANI, AEONTS, and KTC all continue to operate under the revised criteria.

– MAKRO anticipates concluding the Lotus business transfer within 1-3 weeks, as well as allocating newly issued ordinary shares to the private placement (PP) as compensation for the entire business transfer. MAKRO also intends to raise capital to strengthen its free float in order to gain access to the SET50 and MSCI indexes.

– Analysts projected STA‘s 3Q21 earnings of 3,714 million baht, up 78%, as both the automobile and rubber glove industries recover, resulting in a 265% increase in net profit for the first nine months. Analysts have set a target price of 48 baht. SCGP‘s third-quarter earnings are predicted to expand by 1.7-1.9 billion baht, suggesting “Accumulation” with a target price of 72 baht.

– Thailand is scheduled to reduce the night curfew from 11:00 PM to 3:00 AM on October 16, with the possibility of lifting all lockdown restrictions once the country reopens next month. CPN, CRC, BTS, BEM, and CPALL are recommended by analysts as they will benefit from the country’s reopening, while IMPACT, CPN, CRC, ERW, CENTEL, and MINT will benefit from the lessening of the lockdown, while AAV, BA, and AOT will benefit from the return of international visitors from November 1, 2021.

– EKH expects record earnings in 3Q21 as a result of the surge of COVID-19 patients. The company raised its revenue growth target to more than 40% from 20% previously. Analysts forecast a net profit of 121 million baht for 3Q21, a 671% increase, and recommend a “BUY” rating with a price target of 8.50 baht.