Kaohoon’s Top News on March 29, 2022

Headline: Analysts recommend country reopening plays as Thailand set to revoke Thailand Pass requirement from June

It’s time for country reopening celebrations, with the Tourism and Sport Ministry preparing to propose to the CCSA the removal of the Thailand Pass requirement (anticipated on June 1) and the replacement of the mandatory RT-PCR test upon arrival with an ATK test (expected on May 1). Analysts recommend investors to buy hospital stocks (BDMS and BH) as well as hotel and restaurant stocks (CENTEL, MINT, ERW and M).


Headline: TRUE’s merger with DTAC is expected to bring value this year

True Corporation Plc. (SET: TRUE) stated that the merger with Total Access Communication Plc. (SET: DTAC) marks a huge transformation that would immediately add value to the company by enabling it to serve a broader customer base while reducing expenses. TRUE is prepared to make a proposal at the annual general meeting on 4 April.


Headline: CPF sends the historic shipment of chicken products to Saudi Arabia 

Charoen Pokphand Foods Plc. (SET: CPF) has shipped the first 100 tons of chicken products to Saudi Arabia in 18 years. CPF will export 600 tons of chicken products, worth THB47 million, to Saudi Arabia within March this year, with a target of increasing exports to 60,000 tons in the next five years, valued at around THB4,200 million.


Headline: BGRIM is pursuing more M&A to expand its power portfolio by 200 megawatts

B.Grimm Power Plc. (SET: BGRIM) seeks to complete 2-3 overseas power plant M&A transactions totaling 100-200 megawatts within the first half of the year, plus the collaboration with True Corporation Plc. (SET: TRUE) to develop digital breakthroughs for the energy industry. 


Headline: Insurance Equities, BLA, THREL, and TIPH, are upbeat after US bond yield reaching a 3-year high

Three insurance equities, BLA, THREL, and TIPH, were upbeat in response to the US bond yield reaching a three-year high. Bangkok Life Assurance Plc. (SET: BLA) benefits the most, as bonds account for almost 80% of its portfolio. Analysts anticipate that BLA’s earnings would exceed THB4.7 billion this year, setting a target price of THB50.00.


Headline: PTTEP to increase production capacity in Erawan Field 

PTT Exploration and Production Plc. (SET: PTTEP) is accelerating investment to expand the Erawan field’s gas production capacity and is prepared to proceed with the Mozambique Area 1 project. Meanwhile, the annual general meeting of shareholders held on Monday approved a dividend payment of THB3.00 per share for the second half of 2021.