Kaohoon’s Top News on October 28, 2021

– Today (October 28), PTTEP is set to release its third-quarter consolidated financial statement. Analysts forecast a net profit of 10 billion baht, up 40%, on the back of increased petrochemical sales and selling prices, while crude oil prices are expected to remain above US$90 per barrel in 4Q21. PTTEP announced yesterday (October 27) the establishment of three new subsidiaries to support future investments. Meanwhile, SCC reported a decline in third-quarter earnings to 6.8 billion baht, owing to weak demand and COVID-19 lockdowns.

– Delta Paint or DPAINT will begin trading on the SET Index today (October 28). Analysts noted that investors reacted favorably to DPAINT’s exceptional profits and income, anticipating that the share price would rise above the IPO price, with a target price of 9.80-10.40 baht. DPAINT reported a net profit of 32.9 million baht in the first half of this year, up 48.2% from the previous year.

– UAC stated that it will earn a profit of 105.56 million baht in 4Q21 from Bangchak Biofuels (BBF) distributions. According to analysts, UAC will benefit from Thailand’s reopening as it will increase demand for biodiesel in the second half of this year.

– Asia Plus Securities (ASPS) recommends twelve export stocks with a positive outlook for the remainder of the year. STA, NER, UBE, ASIAN, TU, KCE, DELTA, HANA, AH, SAT, SVI, and MCS are top picks in the steel and electronic component sectors.

– BAM aims to become a holding company by 2022, and is preparing to unlock its AMC business in order to boost profit to 3.02 billion baht, up 40% from the previous year. The company earned a net profit of 544 million baht in 3Q21, an increase of 83%, and is expected to maintain this momentum in 4Q21, when Thailand reopens. Analysts recommend “BUY” with a target price of 22 baht.