Headline: IFAs are in favor of TRUE and DTAC merging, the deal expected to be completed by September
True Corporation Plc. (SET: TRUE) and Total Access Communication Plc. (SET: DTAC) are proceeding with a proposed merger after receiving favorable opinion from independent financial advisors (IFAs). Kasikorn Securities (KS) anticipates that such an agenda will be approved at both companies’ annual general meeting on April 4, 2022. KS has set a target price of THB57.72 for DTAC and THB5.64 for TRUE. The deal is expected to be completed by September.
Headline: TOP to propose an AGM to consider the sale of GPSC shares; analysts anticipate a profit of THB11 billion
Thai Oil Plc. (SET: TOP) will propose to the shareholders at its annual general meeting (AGM) on April 7, 2022, to consider the sale of 10.78 percent of Global Power Synergy Plc. (SET: GPSC) to PTT Plc. (SET: PTT) for THB22 billion. The sales are targeted at achieving long-term financial restructuring in order to fund the expansion of the petrochemical business. TOP is expected to profit more than THB11 billion from this acquisition, with analysts recommending a “BUY” rating and a target price of THB69.00.
Headline: BEYOND sees a revenue recovery this year, with analysts forecasting returns of THB1.8 billion
Bound & Beyond Plc. (SET: BEYOND) anticipates income of THB1,800 million this year as the situation of COVID-19 outbreak improves and foreign tourists progressively return to Thailand. Revenue in 1Q22 will reach THB312 million, an increase of more than 125 percent due to the recovery of the domestic tourism industry.
Headline: BCH expects robust profitability in 1Q22 as COVID-19 patients reaching a quarter-high
Bangkok Chain Hospital Plc. (SET: BCH) expects robust profitability in 1Q22 despite the removal of the UCEP treatment scheme for COVID-19 patients. This was primarily due to the number of COVID-19 patients reaching a quarter-high of 27,000 beds per day, and revenue from hospital operations recovered. Recommend “BUY” with a target price of THB24.30.
Headline: Top 5 best stocks that are still undervalued and would outperform the SET
Kaohoon Turakij has listed the top five best stocks that are still undervalued and would outperform the SET amid progress in Russia-Ukraine peace talks. Outstanding stocks include HANA (weak baht), KBANK (higher loans in the tourism sector), GUNKUL (hemp and cannabis) and IVL (target price at THB55.00).