Kaohoon’s Top News on November 12, 2021

– JMART gained more than 15% in five days on speculation about third-quarter earnings. JMART earned 281 million baht in 3Q21, owing to an 18% increase in profit at JMT and a record net profit of 165 million baht at SINGER, despite the low season. Car title loans increased by 102%, while non-performing loans decreased by 3.7%. Analysts anticipate JMART’s earnings to hit a new high in 4Q21 as a result of synergies with the BTS group.

– GULF expects continued profit growth in 4Q21 as the company is set to realize revenue from the operation of GSRC 2nd unit. Miss Yupapin Wangviwat, Director of GULF, said that the company’s revenue will increase by 60% next year as the third and fourth GSRC units, with a combined installed capacity of 1,325MW, begin to generate the revenue. Analysts forecast GULF’s 3Q21 earnings of 1.6 billion baht, or an increase of over 60%.

– SABUY launched “SABUYCAP” to provide credit services. The pilot product “Convert Top-Up Machine Kiosks into Capital” is a loan for top-up kiosk operators with an interest rate of no more than 1.25% per month. The company targets a loan balance of 2,000-3,000 million baht for the following year.

– EPG reported a 2Q21/22 net profit of 308 million baht, up 34%, JR’s earnings surged 62% to 54 million baht in 3Q21.

– Covid-related revenue pushed earnings of Thailand hospitals to grow exceptionally in 3Q21. EKH’s net profit soared 881% to 155.81 million baht, RPH’s profit surged 652% to 154.24 million baht, LPH earned 288 million baht or an increase of 464%, RJH reported a net profit of 438 million baht or an increase of 302%. Meanwhile BH and BDMS posted a net profit of 296 million baht and 2.5 billion baht, respectively.