In an interview with “KaohoonTurakij,” Dhanin Chearavanont, senior chairman of Charoen Pokphand Group, stated that the government is on the right track in supporting the Eastern Economic Corridor (EEC) project, utilizing the special development zone to match global investor’s demands. He reminded Thais not to worry about losing the jobs as the country requires experts to create opportunities for profit-making. Meanwhile, Mr. Chearavanont praised the Thai Prime Minister Prayut Chan-o-cha of his excellency in choosing Supattanapong Punmeechaow as the deputy prime minister and energy minister.
Analysts expected the banking sector’s NPL to rise without an extension of the debt relief program that will be expiring on October 22, 2020. However, analysts stated that BBL, SCB and TISCO have 13-20% capacity for their NPL to rise and are expected to book profit in 2H20. Meanwhile, KBANK, KTB and TMB only have 8% of room for NPL to increase.
BGRIM advanced its construction plans for 7 SPPs with a total production capacity of 980MW worth 40 billion baht after securing financial support from five major banks. Meanwhile, the company is expected to import the first LNG shipment, amounting 250 billion tonnes this year, and will increase to 650 billion tonnes by 2022. Moreover, BGRIM is also expected to acquire power projects in Thailand and Malaysia worth 700MW by 1Q21.
NRF closed its first trading day with a jump by 96.4% as the company expected to utilize the proceeding funds to expand its business for higher investment return, expecting the sales revenue to reach 3,000 million baht in 2024.
NER signaled for an outstanding 3Q20 performance, buoyed by higher orders, especially from Chinese customers. Meanwhile the increase in production capacity from its new factory and the higher rubber prices would benefit its sales to record 350,000-360,000 tonnes as the revenue is expected to reach 17 billion baht. The analyst recommended “BUY” with a target price at 5.00/share in response to NER’s newly business – pet mat – to support its sales.
