Kaohoon’s Top News on November 18, 2021

Analysts are optimistic about JMT and KBANK jointly establishing an unsecured asset management business (AMC), anticipating that JMT will add KBANK’s non-performing loans (NPLs) to its portfolio of up to 35 billion baht annually. This would result in an increase of 4.5% in JMT’s profit. Meanwhile, JMT clarified that it is still in the process of discussing the matter with partners but has not taken an official conclusion. JMT’s target price was set at 65 baht, while KBANK’s was set at 169 baht.

– SAWAD expects a significant collaboration in order to offer home appliance loans of up to 10 billion baht at a rate of 50% per year by 2026. Analysts anticipated a profit recovery for SAWAD in 4Q21, with a target price of 77 baht.

– Listed companies reported a combined net profit of 210 billion baht in 3Q21, up 19% year on year, with the medical, logistics, and electronic sectors outperforming expectations. As a result, the total profit of all listed companies for the first nine months of the year was 740 billion baht, up 74% from the previous year. Analysts believe that publicly listed firms have already bottomed out from the worst of the slowdown, urging investors to monitor the banking, real estate, information technology, and automotive sectors in 4Q21.

– BCPG forged ahead in the solar power business in Taiwan, aiming to expand a total production capacity of more than 1,000 MW in the next 5 years, which is also aligned with the government’s policies to promote renewable energy. Meanwhile, PSTC improved its performance in the first nine months, achieving a net profit of 71 million baht and announcing plans to proceed with 3.4 billion baht worth of EPC projects.

– BGRIM spent 230 million baht to acquire 80% of Huong Hoa Holding Joint Stock Company, the developer of a 48MW wind energy project in Vietnam, paving the way for future megaprojects.