Headline: COM7-BDMS Form JV to Incorporate in Retail Sale of Medicines and Medical Supplies
Com7 Plc. (SET: COM7) and Bangkok Dusit Medical Services Plc. (SET: BDMS) jointly announced that their Boards of Directors at the meetings on April 27, 2022 have approved the establishment of a new joint venture company to operate a drugstore with a focus on large-scale standalone drug stores in shopping malls. The pilot pharmacy is expected to open in the second half of the year, and that number will grow to 50 over the next three years.
Headline: PTTEP reports US$318 million in 1Q earnings over loss from oil hedging
PTT Exploration and Production Plc. (SET: PTTEP) had net profit of US$318 million in 1Q22, decreasing 15% over the year, mainly due to higher loss from oil price hedging instruments. The total revenue, however, increased 17% year-on-year to US$2,083 million as the average sales volume increased.
Headline: NER anticipates a sharp rise in rubber sales after the selling price exceeds THB64
North East Rubber Plc. (SET: NER) revealed that the average selling price of rubber increased to THB64.00, up more than 10% year on year. As a result, the company plans to boost its revenue forecast for 2022 from THB28 billion to THB30 billion, while reiterating that the Chinese lockdowns have had no effect on its operations. Additionally, NER anticipates selling 50,000 tons of rubber in India this year.
Headline: BH posts a huge jump in 1Q22 earnings from Thailand’s reopening
Bumrungrad Hospital Plc. (SET: BH) reported a net profit of THB725 million in 1Q22, an increase of 695% from a year earlier, as a result of Thailand’s reopening since 1 November 2021, both Thai and Non-Thai revenue grew substantially year-on-year. The higher contribution of international medical tourism, particularly from the Indochina region and the Middle East, had a significant positive impact on revenue intensity.
Headline: Analysts rate “BUY” on CEYE with a target price of THB4.20-4.60
Chamni’s Eye Plc. (SET: CEYE) will begin trading in mai today (April 29). The company’s CEO stated that with the advertising industry reviving since 1Q22 and Thailand having already reopened the country, the company anticipates a stronger rebound in its full digital photographic services, fueled by the return of Thai and international clients. CEYE’s earnings are expected to reach THB58 million this year, rising 105% year over year, with a target price of THB4.20-4.60.