Kaohoon’s Top News on December 13, 2021

– The Chairman of the Thai Bankers’ Association expressed his opinion on the Bank of Thailand’s warning against crypto trading due to the risks associated with cryptocurrencies volatility, stating that all commercial banks have acknowledged the risks related to digital assets and have established provisions to cope with additional volatility.

– KBANK is expected to earn roughly THB34 billion this year, representing a 15% increase in profit, and will continue to grow next year as economies and benchmark interest rates recover. According to analysts, KBANK’s share price remains attractive, trading at 0.7x P/BV, giving a target price of THB175.

– With a current backlog of THB5,590 million, RT anticipates a 50% increase in revenue next year compared to this year. Also, the company is planning to acquire new projects valued at THB1,244 million, bringing the backlog to THB7 billion by the end of 2021.

– JAS‘s share price has climbed by more than 5%, generating speculation that its valuation is too low in comparison to that of its subsidiary company JTS, while analysts believe the share price is still lagging. Suggestion: “BUY” with a target price of THB3.26-3.40. Additionally, analysts anticipate that JAS will earn roughly THB4,500 million from the settlement of a dispute over revenue sharing under the joint venture contract for the undersea cable network with NT.

– SCB and TTB are reportedly interested in acquiring Ratchthani Leasing (THANI). Analysts anticipate that THANI’s operations will recover in 4Q21, and the company plans to issue loans of THB2.4-2.5 billion monthly in 2022, with profits expected to increase by 22% this year.