Headline: IRPC sees a recovery in its refinery and petroleum business units; analysts forecast earnings of THB10 billion in 2021
IRPC (SET: IRPC) anticipates a recovery in its refinery and petroleum business units despite an increase in COVID-19 omicron variant cases, as the company believes the government would manage the pandemic effectively. Also, IRPC plans expanding production capacity to 185,000-190,000 barrels per day to meet rising demands. Analysts rate IRPC as a “BUY” with a target price of THB4.90, estimating that its earnings would reach THB10 billion in 2021.
Headline: SNNP expects THB437 million in earnings in 2021, while analysts urge “BUY” in expectation of a new record high in 1Q22
Srinanaporn Marketing (SET: SNNP) expects record fourth-quarter revenue growth in 4Q21, backed by domestic sales and exports to the CLMV markets, which have recovered greatly since those countries eased their lockdown, while revenue in 2022 is expected to maintain its momentum, bolstered by the launch of new innovative hemp-marijuana products in late 1Q22. Analysts recommend “BUY” with a target price of THB15.50 per share, anticipating a profit of THB116 million in 4Q21, a 215% increase from the previous year, which would support the full-year profit of THB437 million.
Headline: TTB forecasts a profit of THB2.78 billion in Q421; TCAP acquires additional shares in TTB to achieve the 24.9% ownership
TMBThanachart (SET: TTB) forecasts a profit of THB2.78 billion in Q421, a 126% increase over the year, and a profit of THB11.9 billion in 2022, or an increase of 19%, due to the benefits of the merger with Thanachart Bank, while Thanachart Capital (SET: TCAP) is gradually acquiring additional shares in TTB to reach the 24.9% ownership target approved by the Bank of Thailand.
Headline: SENA makes a THB1.6 billion investment in JSP’s tender offer
Sena Development (SET: SENA)’s Board of Directors approved the acquisition of an additional 11.19% of J.S.P. Property (SET: JSP)’s shares from Mr. Likhit Luesakulkitpaisal for THB0.50 per share, for a total purchase amount of THB235 million, which is expected to complete in March. SENA will also present an offer for remaining 64.65% of JSP’s securities at THB0.50 per share, for a total of THB1,357.70 million between March and April 2022.
Headline: PSG’s share closes at THB1.00 last week following a restructuring of the company’s shareholders
The share price of PSG Corporation (SET: PSG) finished last week 12% higher at THB1.00 following a restructuring of the company’s shareholders through the issuance of new ordinary shares via private placement (PP) to new investors seeking to acquire 83.15% of the company’s shares valued at THB1,080.88 million.
