Headline: Analysts expect strong profit growth in BANPU on high coal and gas prices
Banpu Plc. (SET: BANPU) sees a turning point in recent rising coal and natural gas prices, with analysts forecasting a net profit of THB8.6 billion in 1Q22 and THB28.7 billion for the full year. Meanwhile, revenue would be THB176 billion in 2022 as a result of significantly reduced hedging losses. Analysts rate the stock “BUY” with a price target of THB18.80 per share.
Headline: MCS denies that its CEO has resigned
Naiyuan Si, chief executive officer of M.C.S.Steel Plc. (SET: MCS), denied the rumor that he had resigned and revealed that he was negotiating for newly contracted projects in Japan totaling 120,000 tons, bringing the company’s backlog to 180,000 tons. MCS also has two further projects worth a combined 70,000 tons that are currently under negotiation. MCS commits to a dividend payout policy of at least 50% of net profit.
Headline: BMA put the extension of Green Line railway concession on hold pending the newly elected Bangkok governor
The Bangkok Metropolitan Administration has again placed the extension of the Green Line railway concession on hold, citing that the new governor of Bangkok should be in charge of deciding whether to extend the BTS Skytrain concession.
Headline: COM7-BDMS form JV to incorporate in retail sale of medicines and medical supplies
COM7 Plc. (SET: COM7) joined forces with Bangkok Dusit Medical Services Plc. (SET: BDMS) to incorporate in retail sale of medicines and medical supplies through the use of technology, paving the way for telemedicine, the distribution of health-related services and information via electronic information and telecommunications technologies, as Thailand transitions into an aging society.
Headline: Vongsayam to sign the construction contract for eastern region’s major water line today
The Director General of the Treasury Department is set to sign a THB25 billion contract with Vongsayam Building for the construction of the eastern region’s major water line today (3 May).
Headline: CEYE surges more than 38% on its first trading day
Chamni’s Eye Plc. (SET: CEYE) shares surged 38.60% on the stock market’s first trading day. CEYE’s CEO stated that the company will use the proceeds from the fundraising to expand the business and has set a revenue target of 20% growth this year as a result of the company’s recovery from COVID-19. Analysts estimate CEYE earnings of THB58 million in 2022, a 105% rise over the year.