Kaohoon’s Top News on November 17, 2021

– JMT potentially collaborates with KBANK to establish an asset management company (AMC), with JMT possibly holding 65-75% stake in the joint venture company. The establishment of AMC has already been applied to the Bank of Thailand for an approval. Once this transaction is completed, JMT will immediately seek additional partnerships with the other two big banks. According to analysts, this deal will ensure around 20-30 billion baht in NPL supply, boost JMT’s target price to 80 baht per share, and potentially push JMT into the SET50 in the first half of next year.

– Following the successful completion of an investment in the 384MW Temple I gas-fired power plant in the U.S. and a 30MW solar farm in Japan, BPP is convinced that its 4Q21 results will generate significant growth while maintaining a healthy cash flow. Meanwhile, CWT reported a net profit of 37 million baht in 3Q21, a 208% rise, resulting in a record 9M21 profit of 132 million baht, a 221% increase, due to higher sales income.

– MATI Posted an outstanding profit of 34.67 million baht in 3Q21, increasing 91.34%, bringing the first nine-month earnings to rocket by 2,520.18% to 203.85 million baht, as the company shifted its business strategy for 2021 to focus on online media revenues.

– TIDLOR is expected to be added to the FTSE index on November 19, following its inclusion in the MSCI index. Analysts forecast TIDLOR’s fourth-quarter earnings to increase 31%, putting the company’s full-year profit to 3.2 billion baht, up 32% from the same period of last year.

– BCH achieved a new record net profit of 2,896.23 million baht in 3Q21, up 600.65% from the previous year, and a profit of 4,365.73 million baht in 9M21, up 359.02%. This increase was primarily driven by an increase in total revenue to 14,697.23 million baht, owing to a general patient recovery and increased revenue from COVID-related services.