Kaohoon’s Top News on April 21, 2022

Headline: RAM reportedly acquires a 25% stake in EKH, making it EKH’s largest stakeholder

There were some reports popping out in various media suggesting that Ramkhamhaeng Hospital Plc. (SET: RAM) is planning for a merger with Ekachai Medical Care Plc. (SET: EKH) by acquiring 25 percent ownership, making it the largest shareholder of EKH. Analysts rate EKH a “BUY” with a target price of THB9.40 per share, citing profits growing exponentially in 1Q22 as a result of the rising number of patients during COVID pandemic.


Headline: TTB reports better-than-expected operating results in 1Q22, while KTC returns to profitability

TMBThanachart Bank Plc. (SET: TTB) reported a higher-than-anticipated profit of THB3,195 million in 1Q22, up 15 percent on lower expected credit loss (ECL) and operating expenses, with a 2.73 percent non-performing loan ratio. TTB is expected to continue growing in 2Q22 as loan growth accelerates, bringing full-year earnings to THB12.5 billion in 2022. TTB shares have been given a “BUY” rating with a target price of THB1.40-1.80. Meanwhile, Krungthai Card Plc. (SET: KTC) posted a first-quarter net profit of THB1,747 million, an increase of 7 percent.


Headline: CCSA set to cancel Thailand Pass from May onwards

Tomorrow (22 April), the Center for COVID-19 Situation Administration (CCSA) is scheduled to discuss the proposal to cancel the Thailand Pass and replace the RT-PCR test upon arrival with an antigen test starting 1 May, in hopes for a gradual recovery in the tourism industry. Analysts believe that tourist and hospitality stocks will gain from these moves, and recommend ERW, CENTEL, MINT, AAV, BA, and AOT.


Headline: TU confirms that no insider information is made public to benefit stock trading

Following a dispute over the new director’s appointment, Thai Union Group Plc. (SET: TU) wrote to the Association of Investment Management Companies (AIMC) to affirm that no public disclosure of insider information was made with the purpose of benefiting TU stock trading.


Headline: WINMED is the successful bidder in the auction to import one million ATK kits

Winnergy Medical Plc. (SET: WINMED) won the auction for the procurement and importation of one million ATK COVID-19 saliva test kits, LTIUO, to be distributed at eight GPO Pharmacy shops throughout Bangkok. This will raise full-year revenue growth by more than 50 percent to THB800-900 million.


Headline: DITTO shares gain more than 1,000% in less than a year

Takorn Rattanakamol, chief executive officer of Ditto (Thailand) Plc. (SET: DITTO), told Kaohoon Turakij in an exclusive interview that DITTO’s share price has increased by more than 1000 percent in less than a year from its initial public offering (IPO) price of THB7.50, which began trading on the Stock Exchange of Thailand (SET) since 6 May 2021, with the share price ending yesterday at THB85.50 baht. He further stated that the company’s core business trend continues to expand and that the company currently has a backlog of more than THB1,500 million. As a result, the company is confident that it will set new earnings records in 2022.