Kaohoon’s Top News on April 26, 2022

Headline: JMT-COM7 set to ioin MSCI Global Standard Index

Capital Nomura Securities expects that JMT Network Services Plc. (SET: JMT) and COM7 Plc. (SET: COM7) will be included to the MSCI Global Standard Index on May 12, 2022, with each firm earning roughly US$76-80 million in fund inflow. Meanwhile, B.Grimm Power Plc. (SET: BGRIM) and Sri Trang Gloves (Thailand) Plc. (SET: STGT) are at risk to be delisted from the index. If the outcome is as expected, both firms will lose approximately US$45 million each.


Headline: Top 12 stocks benefiting from the weakening Thai baht

Analysts recommend the top 12 stocks benefiting from the weakening Thai baht, including KCE, HANA, SUN, CPF, TU, ASIAN, GFPT, MEGA, EPG, STA, NER, and SMPC.


Headline: PTTEP becomes official operator of Erawan field

PTT Exploration and Production Plc. (SET: PTTEP) is now the official operator of Erawan and Bongkot fields. Montri Rawanchaikul, Chief Executive Officer of PTTEP, said that the company will continue to produce natural gas from remaining resources of the existing production wells with utmost concern on safety and production stability. Therefore, the production rate at Erawan field will initially stay at approximately 250-300 MMSCFD, while at Bongkot field, the production rate is at 700 MMSCFD. The company will thereafter execute its plan to ramp up the production rate to 800 MMSCFD within April 2024.


Headline: AIT expects outstanding earnings results in 1Q22

Advanced Information Technology Plc. (SET: AIT) provided an exceptional 1Q22 profits outlook following the direction of the information and communication technology business, which is expected to grow by an average of 10.5% per year between 2021 and 2023. As a result, AIT is confident that its revenue would increase by 15% this year, to THB7,400 million.


Headline: FORTH sees future sales growth fueled by Taobin

Forth Corporation Plc. (SET: FORTH) shares gained 9% yesterday (25 April) on the back of a rise in robotic barista Taobin vending machines. As of now, FORTH sells about 80,000-90,000 drinks a day via the Taobin, generating a daily revenue of THB3 million.  The company planned to double the number of Taobin vending machines to 5,000 by the end of the year and 20,000 by 2023.