Kaohoon’s Top News on January 15, 2021

– PTT Oil and Retail Business Public Company Limited (OR) announced the pre-emptive ratio for PTT’s shareholder to subscribe OR’s IPO newly issued ordinary shares at a ratio of 95.1977 shares of PTT to 1 newly issued ordinary shares or OR. Meanwhile, the preliminary price range is baht 16 – 18 per share. The eligible shareholders of PTT will subscribe OR’s IPO newly issued ordinary shares at the allocated portion of their pre-emptive rights during 25th – 28th January 2021. The retail investors will subscribe OR’s newly issued ordinary shares during 24 January 2021 till 12:00 pm. on 2 February 2021. The analyst expected OR to registered a market capitalization around 200-270 billion baht, which will automatically enter SET50 under the Fast Track measure. The entering could push COM7 or TTW off SET50, while TKN, BEC, MAJOR, or WHAUP could lose the position in SET100.

– The analyst expected TISCO to report its earnings on January 18, estimating a net profit in 4Q20 at 1.6 billion baht, stable compared to the previous quarter, citing that the capital funds remained strong and the coverage ratio was at a higher level at 196%. The analysts estimated TISCO’s dividend payment around 5-6 baht per share.

– GULF invested 1.2 billion baht in acquiring 70.5% of GMIM to further its investment in Vietnam, especially solar and wind farm projects, while aiming for more investment in LNG to Power projects.

– PF projected higher revenue in 2021 from a joint venture projects worth more than 9,000 million baht, consisting of property business for 4,000 million baht, and an integrated production and export of rubber gloves worth 5,000 million baht.

– Pirapan Salirathavibhaga, one of the THAI’s rehabilitation planner, made a clarification to “Kaohoon”, stating the the rehabilitation plan for THAI has been completed, adding that there was no conflict with “Finansa” as the contract expired before the Court’s order for the rehabilitation plan.

– CHAYO’s major shareholder sold 67 million shares, equivalent to 9.50% of CHAYO’s total issued ordinary shares, through a big lot transaction to two of COM7’s majore shareholders to further business partnership and network.