Kaohoon’s Top News on November 19, 2021

Keep an eye on JMART Group’s record earnings outlook for next year, as the company plans to actively pursue partnerships and synergies with BTS, including the establishment of a joint venture company to boost revenue and expand sales channels. This would result in an average 50% surge in profit growth between 2022 and 2024. Meanwhile, JMT anticipates concluding the partnership with KBANK as swiftly as possible, with the goal of purchasing debt worth up to 20 billion baht. SINGER is planning to offer a truck loan by the end of this year. Analysts anticipate a net high profit of THB600 million, setting a target price of THB50.50 for JMART.

– BAM seeks to accelerate a joint venture plan for the establishment of an asset management company (AMC) to manage debt, with each partner holding no more than 40%, with the agreement expected to close by the end of this year. BAM now holds over THB84 billion in bad debt and is confident of collecting more THB17.4 billion in bad debt this year, with plans to acquire another THB11 billion.

– ANAN will offer subscriptions for 833.25 million new shares at a ratio of four existing shares to one newly issued share at a selling price of THB1.55 per share. Additionally, subscribers will receive a free warrant ANAN-W1 equal to 833.25 million units at a ratio of one capital increase share to one warrant, which will last for two years.

By the end of this year, NRF aims to have completed its investment in branded e-commerce on Amazon. NRF also plans to list Nove foods on the U.S. Stock Exchange or in Europe within three years, while maintaining a 50% revenue growth rate in 2021 and a forecast of THB5 billion in revenue in 2023. Meanwhile, RBF anticipates a 10-12% increase in revenue this year as a result of Thailand’s reopening.

Profits in 3Q and 4Q are predicted to reach THB400 million per quarter in the second half of this year (October 2021-March 2022), according to EPG. While sales in 2021/22 are expected to hit THB11 billion, a 12-15% rise, with a gross profit margin of 29-32% from three core businesses: Aeroflex, Aeroklas, and EPP.