Kaohoon’s Top News on April 19, 2022

Headline: TISCO reports strong earnings growth in 1Q22 with significant decrease in NPL

Tisco Financial Group Plc. (SET: TISCO) posted 1Q22 earnings of THB1,795 million, up 1.8 percent year on year, as expected. Loan loss coverage remained strong at 262 percent, while non-performing loans decreased significantly to 2.22 percent. Analysts anticipate earnings from Bangkok Bank Plc. (SET: BBL) to be THB7.95 billion, up 15% YoY, and Kasikornbank Plc. (SET: KBANK) to be THB10.9 billion, up 2.9 percent YoY.


Headline: SISB shares jump 13% following a big lot transaction

SISB Plc. (SET: SISB) shares jumped 13 percent on Monday (18 April) following a big lot transaction of 26.5 million shares at an average price of THB9.80 per share, for a total value of THB259.70 million. According to a person close to the matter, the third major shareholder, Nongnapa Thongmee, is the one who cut millions of shares. Meanwhile, analysts maintain a bullish view for SISB’s 1Q22 earnings, suggesting a “BUY” rating and a target price of THB11.90-12.30.


Headline: SUPER to finalize the acquisition of AC Energy in late June 

Super Energy Corporation Plc. (SET: SUPER) anticipates concluding its acquisition of 49 percent stake of AC Energy worth THB5.49 billion in late June or early July. The company expects to increase revenue to THB11,000 million this year, bolstered by the addition of 1,718 megawatts to its operating capacity. 


Headline: GULF announces investment in U.S.-based digital asset exchange business

Gulf Energy Development Plc. (SET: GULF) has invested in Binance.US, a US-based digital asset exchange, by acquiring 0.4 percent of BAM Trading Services Inc.’s series seed preferred stock. Meanwhile, a joint venture agreement with Binance has already been signed to develop a digital asset exchange in Thailand.


Headline: PJW advances in EV parts and components market, boosting its margin to 30%

Panjawattana Plastic Plc. (SET: PJW) expects to grow and expand its electric vehicle parts and components business by gearing up to manufacture battery cases and cooling systems for Energy Absolute Plc. (SET: EA). The executive team at PJW estimates this business will increase the company’s profit margin by 5-10 percent to 30 percent, with the goal of achieving THB100 million in sales next year.