Kaohoon’s Top News on May 10, 2022

Headline: Analysts recommend “BUY” on both BANPU and IVL after a solid first quarter

On the back of higher coal and gas prices and a THB5.1 billion gain from the sale of Sunseap, analysts anticipate Banpu Plc. (SET: BANPU) to report a net profit of approximately THB9 billion (+482% YoY) in 1Q22. Recommend “BUY” with a target price of THB15.00.

Meanwhile, Indorama Venture Plc. (SET: IVL) is predicted to make a net profit of over THB9,500 million (+54% YoY), with a “BUY” rating and a target price of THB56.50.


Headline: JMT is the frontrunner to enter the forthcoming MSCI Index review, followed by  TTB, BANPU and COM7

JMT Network Services Plc. (SET: JMT) is the frontrunner to enter the forthcoming MSCI Global Standard Index review on May 13, followed by TMBThanachart Plc. (SET: TTB), Banpu Plc. (SET: BANPU), COM7 Plc. (SET: COM7), and Ngern Tid Lor Plc (SET: TIDLOR). The new addition to the index will become effective as of May 31. 


Headline: ADVANC opposes the True-DTAC merger due to concerns about market monopolization

Advanced Info Service Plc. (SET: ADVANC) opposes the amalgamation of True Corporation Plc. (SET: TRUE) and Total Access Communication Plc. (SET: DTAC), stating that it would hinder competition and reduce consumer choice. ADVANC further stated that if the NBTC does not suspend the merger, it must compensate ADVANC for the costs incurred during the two rounds of 700 MHz spectrum auctions.


Headline: THG returns to profit in 1Q22, while RPH and RJH record triple-digit earnings growth

Thonburi Healthcare Group Plc. (SET: THG) returned to profitability in 1Q22, earning THB527 million due to effective cost management and increased income from OPD patients and COVID-related services.

Meanwhile, Ratchaphruek Hospital Plc. (SET: RPH) and Rajthanee Hospital Plc. (SET: RJH) reported a net profit of THB181.38 million (+856.22% YoY) and THB472.56 million (+343% YoY), respectively.


Headline: SINGER expects better-than-expected 1Q22 earnings 

Singer Thailand Plc. (SET: SINGER) is anticipated to report a net income of THB251 million in 1Q22, up 80% YoY due to stronger sales of air conditioners and lower expected credit losses set aside. Analysts recommend “BUY” with a target price of THB60.50.