Kaohoon’s Top News on January 27, 2022

Headline: SCC announced a 38% rise in earnings for 2021 and the launch of SCG Chemicals’ initial public offering

The Siam Cement (SET: SCC) reported a net profit of THB47,173 million in 2021, an increase of 38.16% from 2020, with a revenue of THB530 billion (+33% YoY). The increase was mainly due to a recovery in revenue from all business sectors, whereby the chemicals portion accounted for 66% of the total or THB11,577 million. Moreover, SCC has approved a dividend payment of THB10 per share for the second half of 2021, and on the same day, the company has announced that it will list its subsidiary SCG Chemicals (SCGC) in an initial public offering (IPO), which could raise around 3.85 billion shares.


Headline: CIVIL begins trading on the stock market today

Civil Engineering (SET: CIVIL), a medium-sized construction company, began trading on the SET today. The company earned a profit of THB170.18 million baht in the first nine months of 2021, up 160% YoY, on revenue of THB3,735.85 million, up 24.57% YoY. Meanwhile, earnings for the full year 2021 are expected to be THB5,000 million. CIVIL anticipates signing a THB1,900 million construction contract for the Ekkachai-Ban Phaeo motorway next week.


Headline: Analysts revise up earnings forecasts for the banking sector, highlighting KKP and KBANK

On the prospect of an interest rate hike, analysts revised up their earnings forecasts and target prices for the banking sector. The earnings outlook for Kiatnakin Phatra Bank (SET: KKP) has been boosted to THB7.1 billion, while the target price has been increased to THB80. Meanwhile, Kasikornbank (SET: KBANK)’s target price has been raised to THB180.


Headline: JFIN and Popcoin see no effect from the ban of using digital asset as payment

Adisak Sukumvitaya, CEO of Jay Mart (SET: JMART), stated that the Bank of Thailand’s limitation on the use of cryptocurrency as payment will have no effect on JFIN adoption. Meanwhile, Surachai Chetchotisak, CEO of RS (SET: RS), stated that Popcoin is a Utility Token that is exempt from the ban.


Headline: PLANB acquires AQUA’s OOH media companies to strengthen advertising business

Plan B Media (SET: PLANB) acquired two out-of-home media businesses from Aqua Corporation (SET: AQUA) with a total purchasing price of approximately THB2,882 million. Analysts are positive on this deal as it would increase PLANB’s revenue capacity by approximately 20% to THB9,000 million, which is ahead of the second ranking OOH business by a fold.