Headline: Federation of Thai Industries urges PM to dissolve parliament
The Federation of Thai Industries has urged the prime minister to dissolve parliament in order to form a unity government. The SET Index surpassed 1,700 points for the first time in two years yesterday, prompting analysts to forecast the index would then reach 1,860 points by year’s end and recommend three large-cap stocks: Advanced Info Service (SET: ADVANC) (TP: THB250.00), Siam Makro (SET: MAKRO) (TP: THB52.00), and The Siam Cement (SET: SCC) (TP: THB500.00).
Headline: PEACE begins trading on the SET Index today; Analysts give a target price at THB4.80
Peace & Living (SET: PEACE) began trading on the Thai stock market today, with the expectation that the share price will rise above its initial public offering price. Analysts recommend “BUY” with a target price of THB4.80, forecasting a 40% annual growth in revenue in 2021-22. Meanwhile, PEACE’s executive team stated that the company’s goal is to boost sales by 300% over the next five years.
Headline: The exchange of JFIN Tokens for Rabbit Points is slated to take place on February 14
Jay Mart (SET: JMART) is advancing business synergies with BTS Group, announcing the February 14 launch of the JFIN Token exchange for Rabbit Points. According to Adisak Sukumvitaya, CEO of JMART, the company is undertaking a study on the use of the JFIN Token for market trading.
Headline: ITEL expects concluding a data center rental agreement with one of the world’s hyperscalers
Interlink Telecom (SET: ITEL) anticipates concluding a data center rental agreement with one of the world’s hyperscalers, including Google, Facebook, Alibaba, or Amazon, by the end of this month or early March.
Headline: BTS has suffered after the green line concession was withdrawn and the Administrative Court dismissed the Orange Line case
BTS Group Holdings (SET: BTS) is bruised twice after the green line concession was withdrawn and the Administrative Court dismissed the Orange Line case, stating that despite MRTA’s revision of the bidding regulations, no damage to BTS has yet occurred.