Kaohoon’s Top News on May 13, 2022

Headline: GULF earns THB4 billion in 1Q22 on higher revenue and profit sharing from INTUCH 

Gulf Energy Development Plc. (SET: GULF) reported a net profit of THB3.39 billion in 1Q22, a 129% growth, while core profit reached a new high of THB3.3 billion, primarily due to the performance of GSRC units 1-2 and the performance of the BKR2 offshore wind project in Germany, as well as a share of profit from INTUCH exceeding THB1.1 billion.


Headline: PTT reports 21% decline in 1Q22 earnings from massive hedging loss 

PTT Plc. (SET: PTT) reported a net profit of THB25,571 million in 1Q22, decreasing by 21.5%. The decrease was mainly due to a significant increase of loss on derivatives primarily from oil and commodity price hedging instruments amid Russia-Ukraine war.   


Headline: EGCO 1Q earnings surge 6-fold, while IVL and BDMS record triple-digit growth

Electricity Generating Plc. (SET: EGCO) reported a net profit of THB4,115 million in 1Q22, increasing 603%, from higher electricity sales of Paju and Khanom, coupled with improved share of profit from Linden Topco and Apex.

Indorama Ventures Plc. (SET: IVL) recorded earnings of THB14 billion, up 134%, as the global economy continues to recover.

Meanwhile, Bangkok Dusit Medical Services Pcl. (SET: BDMS) delivered a net profit of THB3,443 million, an increase of 157%, supported by strong growth in international and Thai patients.


Headline: LH earnings hit THB1.9 billion in 1Q22, while BRI posts 170% increase in profits

Land and Houses Plc. (SET: LH) recorded a 1Q22 net profit of THB1,931.49 million, up 10.72%, driven by higher share of profit from investment in associates. Meanwhile, Britania Plc. (SET: BRI) reported a net profit of  THB352.5 million, an increase of 170% as revenues from sales of real estate surged.


Headline: ACE-SUPER anticipates securing PPAs for waste-to-energy plants

Absolute Clean Energy Plc. (SET: ACE) and Super Energy Corporation Plc. (SET: SUPER) anticipate securing at least 2 power purchase agreements (PPAs) after the Ministry of Energy approved the purchase of electricity from 34 community-waste power plants with a combined capacity of 282.98 megawatts.


Headline: JMT-JMART to enter the upcoming SET50 index review

JMT, JMART, and BLA are anticipated to be included in the upcoming SET50 index review, whilst IRPC and KCE may be excluded. In the meantime, TIPH, FORTH, AAV, ONEE, PSL, BYD, and ASK will be added to the SET100 index.