Kaohoon’s Top News on January 7, 2021

– Investors switched from investing in DELTA to HANA and KCE instead after the Stock Exchange of Thailand (SET) put DELTA in a “cash balance” measure. The selloff in DELTA weighed SET Index down by 8.8 points yesterday. The analyst viewed KCE as a good fundamental stock, expecting its earnings to grow 67% in 2021. Meanwhile, HANA’s revenue is also expected to grow in response to the demand for 5G components. However, the share prices of both KCE and HANA had surpassed their target price already.

– TU affirmed that the sales volume remained strong and no orders cancellations from its customers, while the operation in every factory remained open as usual. The company proceeded in testing all 27,522 employees in Samut Sakhon for Covid-19 and found 69 people with positive results as of now. Meanwhile, ASIAN announced that none of its employees tested positive for the Covid-19.

– EKH expected to be benefited from the Covid-19 testing services throughout January. Patients requesting for the testing averaged 100 people per day and an average of income around 3,000 – 4,000 baht per person. EKH’s hospitals also serve as an alternative hospital quarantine (AHQ), raising the occupancy rate to 70%. The company expected 2021 revenue to return to pre-Covid level.

– The Investment Analysts Association (IAA) picked ADVANC, BDMS, CPALL, KBANK, PTTGC as top picks in 2021, while forecasting SET Index to reach 1,559 points in response to the fund flow and positive sentiment from the coronavirus vaccine. The association expected the resurgence of Covid-19 will affect the Thai stock market in a short-term period and investors have already priced in the factors.

– TPOLY expected its 2021 revenue to grow 10% with a backlog of 5,200 million baht. The company stated that it will also proceed in bidding for more projects and targeted to launch a COD of four power plants with a total production capacity of 26MW.