Kaohoon’s Top News on February 23, 2022

Headline: SABUY to become the major shareholder of AIT, establishing it as a new flagship in the digital infrastructure business

Sabuy Technology Plc. (SET: SABUY) invested THB2.7 billion in three businesses: AIT, NKON, and BZB, in order to develop synergies in the digital infrastructure sector. The Board of Directors approved the purchase of a 11 percentage share in AIT as well as the plan to list Nakhonluang Capital (NKON) on the stock market. SABUY earned a net profit of THB213.60 million in 2021, an increase of 109.3 percent from the previous year, as revenues increased as a result of an investment in Shipsmile and TBSP. Additionally, the Board approved a THB0.030 per share dividend payment with an XD date on 3 May 2022.


Headline: JASIF offers a dividend payment at THB0.25 from the 4Q21 performance

The Jasmine Broadband Internet Infrastructure Fund (SET: JASIF) approved a dividend payment of THB0.25 per share based on its fourth-quarter performance, exceeding market expectations. The Ex-dividend date (XD) is set for 7 March 2022. Analysts anticipate dividends of THB0.24 per share in 1Q22 and THB0.94 per share in 2022, suggesting a target price on JASIF at THB12.60.


Headline: AGE reports record 2021 results, with earings up more than 158%

Asia Green Energy Plc. (SET: AGE) reported record 2021 results, earning a net profit of THB638 million, up 158 percent on the back of a record 5.1 million-tonne coal selling volume. The Board of Directors approved both common stock dividend and cash dividends totaling THB0.2695 per share. The Ex-dividend date (XD) is set for 14 March 2022.


Headline: JTS and ZIGA make a full-fledged foray into the bitcoin mining business

The Extraordinary General Meeting of Shareholders of Jasmine Technology Solution Plc. (SET: JTS) on Tuesday approved the additional investment in bitcoin mining business and related delegation of power, as well as the issuance and offering of debentures with combined offering size of not more than THB4,000 million. Meanwhile, Ziga Innovation Plc. (SET: ZIGA) invested THB4,000 million in joint investment to strengthen its digital technology and bitcoin mining businesses, with revenue expected to grow by 15-30 percent this year.


Headline: TIDLOR expects ongoing profit growth in 1Q22, as company’s coverage ratio reaches 357%

Earnings for Ngern Tid Lor Plc. (SET: TIDLOR) are forecast to continue growing strongly in 1Q22 as non-performing loans decreased to 1.2 percent and expected credit loss fell following a coverage ratio of 357 percent. The company has approved a cash dividend payment of THB0.274 per share from the year 2021, as well as a common share dividend payout at a ratio of 13 existing shares to 1 common share dividend. Meanwhile, Srisawad Corporation Plc. (SET: SAWAD) is projected to report an unexpected profit. Analysts claimed that leasing shares had fallen earlier this week due to negative sentiment following Muangthai Capital Plc. (SET: MTC)’s weaker-than-expected operating performance.