– The Thai market posted a technical rebound yesterday (December 1), following a steep decline in recent days, as South Africa’s Department of Health revealed that the COVID-19 omicron variant may cause only mild illness. Today (December 2), analysts anticipate the SET Index will test a resistance level at 1,600 points, indicating a buying opportunity. They recommend investing in the SET100, which includes TISCO, AP, BANPU, IRPC, and THANI.
– AOT extended assistance measures at all six airports until 2023 for airlines and concessionaires impacted by the COVID-19 pandemic. AOT forecasts that revenue will climb to THB3,037 million in 2022 and to THB6,171 million in 2023. Furthermore, AOT stated that the new variant omicron will have no effect on domestic passengers and the traffic will return to pre-COVID levels within the next three to four months.
– T.R.V. Rubber Products, a manufacturer and distributor of rubber products for automotive and electrical appliance parts, is set to begin trading on the mai index today under the symbol “TRV“. Analysts anticipate that the share price will exceed the THB2.30 IPO price. The earnings from the capital raising will be used to buy machines and settle debts. TRV earned a net profit of THB22.03 million in the first nine months of this year, an increase of 43.80%.
– PTTEP revealed that the company has allocated more than THB910 billion for the next five years of investment. The company expects that this plan will support a 5-year Compound Annual Growth Rate (CAGR) of 5%. PTTEP has budgeted approximately THB190 billion for developing and maintaining production plateaus at existing projects, including the S1, Malaysia, Oman Block 61, and Zawtika.
– KKP has partnered with TrueMoney to offer online personal loans “KKP CASH NOW” up to THB400,000 via the TrueMoney Wallet, with interest rates starting at 8.99% per year. Meanwhile, BAY has teamed up with IBM to create the region’s most advanced financial institution in terms of digital technology.