Headline: PTTGC poised to record EBITDA of EUR400 million after Allnex’s 2022 revenue is fully recognized
PTT Global Chemical Pcl. (SET: PTTGC) forecasts robust sales growth this year and is poised to generate full-2022 EBITDA from Allnex of EUR400 million and potentially expand by 50% in the next four year. The company will also recognize shared profit from VNT. Kongkrapan Intarajang, the chief executive officer of PTTGC, stated that the outlook for this year remains positive as refining margins continue to be high and there have been no stock losses.
Headline: SINGER enters its high season, while KTC sees credit card usage recover
Analysts raised their target price for Singer Thailand Pcl. (SET: SINGER) shares to THB60.00, citing seasonal factors and SINGER’s expectation of continuous quarterly profit growth, which would result in a 75% increase in full-2022 earnings.
Meanwhile, Krungthai Card Pcl. (SET: KTC) started to see a recovery in credit card spending this year, which is expected to exceed THB49 billion. The analysts propose a “BUY” rating with a THB73.00 target price.
Headline: STOWER teams up with T3 Technology to penetrate the Philippines market
Sky Tower Pcl. (SET: STOWER) has teamed with Thailand’s leading telecom solutions provider, T3 Technology, to jointly develop internet broadband and IoT, with the goal of exporting its products to the Philippines. In the next three years, the company anticipates sales of THB3 billion.
Headline: EA expects leap profit growth in 3Q22 on the delivery of 2,000 e-buses
Energy Absolute Pcl. (SET: EA) forecasts exponential profit growth in the third quarter of 2022 due to the delivery of 1,500-2,000 e-buses, which will drive full-year revenue growth of more than 20%. In addition, EA plans to offer convertible debentures of the firm for no more than THB30 billion by June. Analysts recommend a “BUY” rating with a target price of THB101.00.
Headline: NBTC criticizes TRUE and DTAC for refusing to clarify their business amalgamation
The Office of The National Broadcasting and Telecommunications Commission (NBTC) was disappointed that True Corporation Pcl. (SET: TRUE) and Total Access Communication Pcl. (SET: DTAC) did not attend the second meeting of the Focus Group to discuss the effects of the merger on consumers. In the meantime, Advanced Info Service Pcl. (SET: ADVANC) has attended every meeting.