Kaohoon’s Top News on January 17, 2022

Headline: TTB expects to report outstanding earnings in 4Q21; Finansia Syrus upgrades target price to THB1.80

TMBThanachart Bank (SET: TTB) is set to publish its 4Q21 operating results on January 20. Analysts forecast a net profit of THB2.42 billion, up 96%, while earnings are anticipated to beat the banking market by 32% in 2022. Finansia Syrus Securities raises its target price to THB1.80. Meanwhile, Tisco Financial Group (SET: TISCO) posted a better-than-expected net profit of THB1,791.46 million in 4Q21, up 9.5% on the back of a 2.4% decline in non-performing loans.


Headline: TKC kicks off first trading today; Analysts give a target price at THB28.00-30.50

Today, Turnkey Communication Services (SET: TKC) began trading on the Thai Stock Exchange today. Analysts anticipate the share price to rise over the THB18.00 IPO price. Mr. Sayam Tiewtranon, Managing Director, is confident in the company’s ability to attract investors with the growing trend in digital technology, forecasting sales of THB3.7 billion this year. TKC’s earnings are expected to reach THB428.21 million in 2022, with a target price of THB28.00-30.50.


Headline: ILINK expects a record high profit in 2021 of THB352 million

Interlink Communication (SET: ILINK) estimates a 5-10% increase in revenue in 2022, with a backlog of more than THB4,000 million. Also, the company is considering bidding on three big projects worth more than THB3.8 billion. While sales are expected to reach THB6,000 million in 2021, with a net profit margin of 6%, earnings and revenue are expected to reach new highs. Analysts upgrade their forecast for ILINK’s net profit in 2021-2023 to THB352 million, recommending a “BUY” rating and a target price of THB9.50.


Headline: SUPER adds 358MW to its energy portfolio, pushing the revenue to THB13 billion

Super Energy Corporation (SET: SUPER) expects its turnover to reach THB13 billion in 2021, up 35%, as the company adds 358MW capacity to its port of energy, mainly through the COD of wind farms in Vietnam slated for June and the hybrid renewable energy power plant due for September.


Headline: UOB to buy Citigroup; UOBKH’s share price reaches the ceiling last Friday

United Overseas Bank, UOB, is acquiring four consumer assets of Citigroup Inc. in Southeast Asia including the retail assets in Thailand, Malaysia, Indonesia and Vietnam. The acquisition will include Citigroup’s retail banking and credit card businesses excluding institutional business in all four countries. Following this announcement, UOB Kay Hian Securities (Thailand) (SET: UOBKH)’s share price reached a ceiling last Friday.