Kaohoon’s Top News on April 12, 2022

Headline: Analysts upgrade SCBX’s target price with 36% upside 

SCBX‘s newly issued ordinary shares will be listed on the Stock Exchange of Thailand for the first time on 28 April, the same date as Siam Commercial Bank Plc (SET: SCB)’s delisting. The tender offer will close on 18 April. Given the excellent profit estimate for 1Q22, analysts propose a “BUY” recommendation on SCBX with a target price of THB157.00 (upside 36 percent). Net profit is predicted to increase by 7 percent to THB10 billion in the first quarter of 2012, bringing full-year earnings to THB43.8 billion.


Headline: SPALI to launch 7 new projects totaling THB9,700 million in 2Q22

Supalai Plc. (SET: SPALI) plans to launch seven new projects totaling THB9,700 million in 2Q22, following continuous signs of the real estate market’s recovery. SPALI aims to open 34 new projects totaling THB40 billion in 2022 and maintains a target of THB29,000 million in transfers this year, with a THB27,500 million backlog.


Headline: GUNKUL plans to sign further power purchase agreements (PPAs) for its wind and solar farms by May

Gunkul Engineering Plc. (SET: GUNKUL) expects to conclude a power purchase agreement (PPA) for its wind farm and solar farm projects in May, when the Energy Ministry is expected to launch a renewable energy procurement program. This will bring GUNKUL’s total energy capacity to 1,000 megawatts by the end of next year.


Headline: BYD to setting up a holding company after its securities and bus leasing businesses see sustained growth

Beyond Securities Plc. (SET: BYD) anticipates restructuring the company and establishing a holding company by 2023 in order to achieve sustainable growth. Additionally, the company expects a revenue rebound this year as its securities and bus leasing businesses continue to rise.


Headline: IFA supports the investment of THG, VIBHA, and RAM in the Thonburi Rangsit Hospital project

Thonburi Healthcare Group Plc. (SET: THG), Vibhavadi Medical Center Plc. (SET: VIBHA), and Ramkhamhaeng Hospital Plc. (SET: RAM) all closed higher yesterday (11 April), as the independent financial advisor deems THG shareholders should vote to approve the THB2,700 million Thonburi Rangsit Hospital Project. IFA supports the transaction given THG does not need to use cash for all investments and will earn a return on investment in the project in the long term.