Headline: GULF’s share reaches record high on last day of trading in 2021, the best performer among power and telecoms sectors
– Gulf Energy Development (SET: GULF) ended 2021 with a gain of nearly 4%, closing at THE45.75 per share, slightly higher than its IPO price of THB45.00. Analysts anticipate GULF to outperform its peers this year as the economy recovers, resulting in increased demand for electricity. Additionally, the company plans to commence the COD of Gulf Sriracha power plant (GSRC) units 3-4, which will have a combined installed capacity of 1,325MW.
Headline: Thailand’s Ministry of Finance says that anyone who has benefited from cryptocurrency would be required to file personal income tax returns by March
– The Revenue Department announced that all those who profited from digital assets in the previous year will be required to put their own income on a form that will be submitted to the tax authority in order to calculate the taxes due by March 2022. Profitable cryptocurrency traders are subject to a 15% capital gains tax.
Headline: CHO expects to achieve exceptional earnings in 2021 as a result of the additional revenue generated by its investment in SPAC
– Cho Thavee (SET: CHO) is expected to post excellent results in 2021 as a result of an additional profit from a THB3.6 billion investment in SPACs (Special Purpose Acquisition Companies). Also, CHO aims to invest in another SPEC in 2022 to improve profit this year.
Headline: PTTGC completes acquisition of Allnex Holding
– PTT Global Chemical Public Company Limited (SET: PTTGC) has completed the acquisition of Allnex Holding GmbH for THB148 billion, with the objective of increasing profit contribution and leveraging on growth opportunities in High Value Businesses (HVB), which align with global megatrends. Analysts estimate that this transaction will increase PTTGC’s annual earnings by THB2,400-3,600 million.
