Kaohoon’s Top News on January 18, 2022

Headline: GULF joins “Binance” to develop an digital asset exchange in Southeast Asia

Gulf Energy Development (SET: GULF) reached an agreement with “Binance” to set up a crypto exchange in Thailand amid rapid growth of Thailand’s digital infrastructure. The partnership with Binance will help Thailand advance its development of digital assets and blockchain infrastructure. Analysts anticipate this agreement will increase the value of GULF by THB5-10 per share.


Headline: TOP expects to post a net profit of THB9.8 billion in 2021

Thai Oil (SET: TOP) is predicted to generate robust earnings in 4Q21, owing to a recovery in gross refining margins and stock gains, while earnings in 2021 are expected to total THB9,827 million. Analysts recommend a “BUY” rating with a target price of THB66.00, citing a higher GRM of US$5.90 per barrel in 1Q22.


Headline: Analysts forecast KKP’s earnings to grow 36% in 4Q21 

Kiatnakin Phatra Bank (SET: KKP) is expected to record a 4Q21 net profit of THB1.51 billion, up 36% over the year, from lower credit cost and higher non-interest income. Analysts recommend “BUY” with a target price of THB75.00 based on the company’s predicted continuous growth in earnings in 2022 and a high dividend payout ratio.


Headline: TKC makes a successful stock market debut with a 67% gain in share price

Turnkey Communication Services (SET: TKC) began its first trading day in the Stock Exchange of Thailand with a share price gain of 67% to close at THB30.00. Value investors and institutions purchased a big lot of 28.56 million shares and equivalent to THB646.88 million at an average price of THB22.65 per share which was higher than IPO price. The CEO of TKC is confident that the company’s revenue will grow 15% this year, with a backlog of THB3,000 million. 


Headline: JAS gains 8%  following news that AIS is interested in acquiring its broadband business

Jasmine International (SET: JAS) gained 8% yesterday following news that Advanced Info Service (SET: ADVANC) is interested in acquiring its broadband business Triple T Broadband (TTTBB). JAS has clarified, however, there have been no initiations or developments about the sale of TTTBB, and that it has not been contacted by ADVANC regarding the negotiation of this matter. Analysts recommend “BUY” on ADVANC with a target price of THB248.00.