Kaohoon’s Top News on January 13, 2021

– AAV expected to borrow the bank and/or increase its capital to buoy its liquidity, otherwise the current liquidity could only support the company until March 2021. Meanwhile, the company stated hopes for a soft loan from the government are very dim to almost non existing. Furthermore, the resurgence of the coronavirus outbreak affected the company’s operation severely.

– RT acquired 8 new projects in January worth 280 million baht to top up its backlog to 4,600 million baht. The company projected 2021 revenue to increase 20%, while its 2020 net profit would be a record high. The analyst recommended “BUY” with a target price at ฿2.70/share.

– NER expected an outstanding performance in 4Q20, projecting to record 7,000 million baht for the revenue in 2020. The company was confident that the outlook in 2021 would continue to be positive. The analyst forecasted RT to book 371 million baht of profit in 4Q20, an increase of 143.9%, while recording 974 million baht for the whole year, giving a “BUY” recommendation with a target price at ฿5.00/share.

– The Bank of Thailand extended financial relief measures to individual borrowers until June 2021, moving forward to restructure debtors. The analyst estimated that the extension would slightly impact the banking sector.