Kaohoon’s Top News on January 21, 2021

– TMB reported a net profit over 10 billion baht in 2020, increased 40%, while setting high provision of more than 24.8 billion baht to support the fluctuation that could occur. Meanwhile, TMB’s NPL was at 2.5% with an increase in coverage ratio to 134% and a BIS ratio of 19.5%. At the end of December 2020, approximate 15% of the total loan portfolio was under the relief program which decreased from 20% as of September 20 and 40% as of June 20.

– TTCL signed a sale purchase agreement for Ahlone LNG to Power Project, a total installed capacity of 388 MW Combined Cycle Power Plant in Myanmar worth 20,550 million baht. The construction is expected to begin next year and a COD is projected to be in 2024. As for TTCL’s 2021 outlook, the company projected a 40% increase in revenue with a backlog 10,000 million baht. The company also advanced to seek new projects, which could be worth 15,000 million baht.

– The Stock Exchange of Thailand (SET) expected a hearing on the new free-float measure, which could be changing the definition of the free float to reflect the situation in the market. The shareholding ratio of institutional investors and major shareholders might not be included in the free float.

– IIG estimated 2021 revenue around 650-700 million baht in an anticipation of growing Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) business. Moreover, the company is advancing in a new business, iiG Data, to increase its sales revenue by 30 million baht.

– OR will allow retail investors to subscribe its IPO on January 24 – February 2 with confidence in business growth in Thailand and overseas. The company revealed its 5-year strategic plan with a budget of 74 billion baht to expand the non-oil and international business. The company will handout a dividend payment not less than 30% of its net profit.