Kaohoon’s Top News on November 3, 2020

– Kingsford Securities expected plenty of upside for JASIF’s broadband business. In 3Q20, the company is expected to offer a dividend at ฿0.25/share after a ฿0.24 and ฿0.25 of dividend per share in 1Q20 and 2Q20, respectively. JASIF could book 8.35 billion baht with a dividend yield of 10.14%. The security company forecasted JASIF to book 8.6 billion baht of profit in 2021 with a dividend yield at 10.24%. Kingsford recommended “BUY” with a target price at ฿11.62/share.

– BCPG reported a net profit of 673 million baht, increased 67.77% when compared to the same period of last year. The company recorded a revenue of 1,237.9 million baht for the quarter, increased 56.7%. Meanwhile, the 9M20 profit was reported at 1,601 million baht, increased 18%.

The increase was due to its hydro power plant entering a high season as well as recognizing revenue from all of its four solar-farm projects.

– The Government Saving Bank (GSB) denied the rumour of taking over AMANAH, while stating that the joint venture for car-loan business will be settled within 1-2 months.

– WGE expected to close higher than the IPO price on its first trading day today due to its long experiences over 10 years, while recording more than 1.5 billion baht of backlog.

– The market expected BGRIM to reported a new high in core profit at 758 million baht, an increase by 12% due to lower gas price and an increase number of customers in the industrial estate. The company also received an award for The 16th Asian Power Awards from Asian Power Magazine.