Kaohoon’s Top News on March 8, 2022

Headline: Analysts establish a new support level at 1,600 pts.

After slipping from the 1,625-point level on Monday, analysts established a new support level for the SET Index at 1,600 points. Analysts recommend CPALL, MAKRO, ADVANC, KBANK, and BBL for short- to medium-term investments, as well as PTT and TOP. Meanwhile, the Federation of Thai Capital Market Organizations (FETCO) expects the SET Index to reach 1,800 points by year end, as geopolitical risks historically have a temporary effect and markets always bounce within a few days.


Headline: JMART expects a 50% annual growth throughout 2024

Jay Mart Plc. (SET: JMART) continues to maintain a 50 percent annual growth rate between 2022 and 2024 with the development of more than 20 new business projects, bringing the market capitalization to THB500 billion by 2024. Meanwhile, JMT Network Services Plc. (SET: JMT) set aside around THB10 billion this year to purchase debt. The joint venture with Kasikornbank Plc. (SET: KBANK) is expected to be completed in the first quarter of 2022.


Headline: ORI expects new earnings records and a THB17.5 billion revenue this year

Origin Property Plc. (SET: ORI) expects new earnings records this year, with revenue expected to increase 10 percent to THB17,500 million and a backlog of THB35,000 million. ORI intends to transfer nine further resident projects, with a target revenue of THB35 billion. ORI earned THB6,000 million in the first two months of 2022, accounting for over 20 percent of the year’s target. Additionally, the company plans to develop 31 new projects worth THB42 billion.


Headline: MINT is confident that its operating results in 2022 will recover from last year’s loss

Minor International Plc. (SET: MINT) is confident that its operating results in 2022 will recover from a loss of THB13 billion last year, following a turnaround since the fourth quarter of 2021. For the first time in seven quarters, the company recorded an operational profit of THB1.6 billion. The resumption of hotel business in Thailand, Europe, Australia, and Maldives is key to this year’s profit . MINT also planned to invest THB6.4 billion in order to proceed with the construction of new hotels in accordance with its strategy.


Headline: PTTEP soars after oil prices top USD100 per barrel; Analysts recommend “BUY”

PTT Exploration and Production Plc. (SET: PTTEP) soared amid a market decline of over 30 points on early Monday trading after oil prices hit USD130 per barrel. Analysts expect PTTEP’s net income to reach THB15 billion. Recommend “BUY” with a target price of THB165.00.