Headline: BGRIM to earn an extra THB200 million after ERC gives green light to increase Ft rate
B.Grimm Power Plc. (SET: BGRIM) should benefit from an increase in the fuel tariff (Ft) rate. According to analysts, the Energy Regulatory Commission (ERC)’s approval to hike the ft rate by 23.38 satang/unit between May and August will result in the first time in history that power bills will exceed THB4.00 per kilowatt hour (unit). Analysts estimate that BGRIM would earn an additional THB200 million and that its share price will continue to climb toward the target price of THB45.00.
Headline: BBGI advances its plan to build a THB1-2 billion CDMO plant
BBGI Plc. (SET: BBGI) is accelerating its plan to establish a THB1-2 billion CDMO plant by the end of the year. BBGI anticipates a 50% increase in EBITDA from the HVP business over the next five years, while aiming revenue growth of roughly THB14 billion.
Headline: AOT and MINT to rejoice as CCSA set to drop RT-PCR test prior to arrival
The Centre for Covid-19 Situation Administration (CCSA) on Friday will consider allowing tourists to enter Thailand without providing proof of a negative RT-PCR test within 72 hours before arrival. The meeting is also set to reduce foreign visitors’ health insurance coverage from USD50,000 to USD10,000. Analysts anticipate this will benefit stocks associated with tourism, such as AOT, MINT, and CENTEL.
Headline: FTSE reduces its weighting in Thai stocks
The FTSE is slated to reduce its weighting in Thai stocks from 0.6604 percent to 0.6546 percent, or by THB825 million. Meanwhile, passive funds have set aside THB3.3 billion to acquire three CP Group stocks: CPALL, CPF, and MAKRO. TIPH, JTS, and SINGER will be included in the FTSE Small Cap index, while the FTSE Micro Cap index will add 35 more Thai equities.
Headline: PTTGC to further in Allnex with aims to increase EBITDA by 30-40%
PTT Global Chemical Plc. (SET: PTTGC) is expanding Allnex with aims to increase EBITDA by 30-40 percent from its present EUR400 million level by strategic penetration into high-performance chemical products. Another major deal is anticipated to be announced next year. While it is believed that the Russo-Ukrainian war will have a short-term effect.
