Kaohoon’s Top News on January 27, 2021

– BTS’s CFO revealed that BTSGIF is processing the new round of asset valuation risk that was affected by the coronavirus outbreak, expecting to recover from the accumulated deficit at a total value of 3.3 billion baht. Meanwhile, the source stated that the Fund will not be able to hand out a dividend payment. Only a capital return is applicable.

– The Thai cabinet meeting approved a reduction of the land tax rate and buildings of all types in 2021 by 90% to collect only 10%. The cabinet also extended the time frame for submitting individual income tax in 2020 by another three months. The analyst viewed the move to benefit real estate stocks such as LPN, PSH, SENA, ORI, LH and AP.

– PRINC expected a capital increase by 10%, offering to its partners to raise 1,000-1,400 million baht. The company revealed its 3-7year plan to increase its revenue to 5,000 million baht by expanding hospitals, clinics and rehabilitation centers.

– The analyst expected SCC to report 2020 earnings today at 33,559 million baht, an increase by 5% due to a higher-than-expected petrochemical spread from increasing demand. Thus, the analyst gave a “BUY” recommendation on SCC with a target price at ฿420.00/share. Meanwhile, SCGP also announced positive earnings yesterday with 23% growth, coupled with a dividend handout of Bt0.45 per share.

– RS planned to invest 700-800 million baht in more M&A deals within mid-year. The company made a recent move to acquire 35% stake in Chase Asia Co., Ltd. to advance in asset management and debt collection. The company expected to receive 77 million baht of profit-sharing from this acquisition in 2021.