Kaohoon’s Top News on December 15, 2021

Yggdrazil Group (SET: YGG) announced a capital increase of 360 million shares through a right offering (RO) at a ratio of 1 existing share for each 2 newly issued ordinary shares at a price of THB0.50 per share, which is lower than the trading price. Mr. Tanat Juwiwat, Chief Executive Officer of YGG, stated that the main objective of this capital increase is to broaden the company’s financial strength in order to enable the shift of trade from mai to the SET index.

Bangkok Commercial Asset Management (SET: BAM) expects that profits would continue to grow in 4Q21, bringing full-year earnings to THB2.2 billion, a 22% growth year over year. Analysts upgraded their target price for BAM by 20% to THB24.20 per share, citing that the company’s current share price remains low in comparison to its peers.

Eternal Energy (SET: EE) reported that Cannabiz Way (a.k.a. Cannabis Angel) has been granted a license to cultivate (plant) the narcotic only for hemp. The company expects to begin harvesting for the first phase and to generate revenue in 2Q22. 

With the report of relaunching stimulus measures such as Shop Dee Mee Kuen (Shop and Payback), this would directly benefit many sectors, especially consumer stocks like CRC, HMPRO, CPALL, COM7, ADVANC, JMART, MAKRO and CPN.

Ratch Group (SET: RATCH) to make a tender offer for the remaining 49% of Sahacogen (Chonburi) (SET: SCG) shares on December 22, 2021, at a price of THB5.75 per share, for a total of THB3,278 million, with the goal to increase the company’s total generation capacity of 10,000 MW and total business value of THB 200,000 million by 2025.