Kaohoon’s Top News on September 8, 2020

– Analysts expected seven Thai commercial banks (SCB, KBANK, BAY, BBL, KTB, TMB and KKP) to combine a total of 130 billion baht of profit in 2020, a decrease of 27.8%. Meanwhile, the combined dividend payment from seven banks is expected at ฿19.76/share, a decline from ฿24.10/share. TMB would be the only company this year to report a higher profit with a dividend payment at ฿0.06/share, increasing from ฿0.04/share.

– Thai PM is expected to ease loan-to-value (LTV) regulations of 20% and the house price ceiling regulations not exceeding 3 million baht, following the easing of transfer and mortgage fee.

– XO expects its revenue to expand 15% in 2020 and new-high earnings, supported by a high growth in the source business as consumers’ behaviour shifted to a home cooking during the covid-19 pandemic.

– GPSC is confident in a bright performance in 2H20, supported by the lower gas prices, while customers in the petrochemical business receive no impact from the pandemic outbreak. The company expected its total production capacity to reach 5,026MW in 2023.

– SCM is expected to close higher on its first trading day in SET as the company has strong business with more than 180,000 businessmen in its network with six dealers in ASEAN to boost its sales revenue for the upcoming 3-5 years.