Kaohoon’s Top News on May 31, 2022

Headline: Eye on 8 stocks to outperform when the Personal Data Protection Act (PDPA) take effect on 1 June

As the Personal Data Protection Act (PDPA) will go into effect on 1 June, analysts anticipate that eight stocks, including ITEL, INSET, TKC, SECURE, VCOM, MFEC, BE8, and BBIK, will benefit. Analysts are also keeping an eye on Interlink Telecom Pcl. (SET: ITEL)’s performance as the company’s 2Q22 earnings are likely to reach a new record high of THB336 million, up 34 percent year-over-year.


Headline: PIN budgets THB5.6 billion in 2 mega projects

Pinthong Industrial Park Pcl. (SET: PIN) has committed THB5,600 million in 2 projects, namely the Logistics Park project on 290 rai, worth THB4,000 million, and the Solar Power project, for THB1,600 million. In 2025, the two projects will yield a 50% increase in recurring income.


Headline: KBANK spends THB7.56 billion to buy majority stake in Indonesia’s Bank Maspion

Kasikornbank Pcl. (SET: KBANK) has bought 67.50 percent of Indonesian Bank Maspion’s total stake for a total of THB7.6 billion. It is anticipated that the transaction would be finalized by the end of 2022. Analysts recommend a “BUY” rating with a target price of THB190.00.  


Headline: BCP-ESSO are Top Pick among the refining sector

Analysts anticipate Bangchak Corporation Pcl. (SET: BCP) and Esso (Thailand) Pcl. (SET: ESSO) to outperform the others of the refining sector since they do not suffer hedging losses and their retail oil stations and refining businesses see solid sales volumes. Both BCP and ESSO are assigned a “BUY” recommendation, with THB40.00 as the price target for BCP and THB12.90 for ESSO.


Headline: PTT expects the price of oil and gas to remain high throughout 2Q22

PTT Pcl. (SET: PTT) anticipates that gas and oil prices would continue strong in 2Q22, with Dubai crude oil prices averaging USD98-103 per barrel and Singapore GRM averaging USD10.5-11.5 per barrel. Furthermore, prices for petrochemicals are anticipated to recover.


Headline: Election Commission delays Chadchart’s endorsement as new Bangkok governor

The Election Commission (EC) has decided to delay the endorsement of the official result of the Bangkok gubernatorial election awaiting an investigation into the usage of vinyl fabric in campaign posters by the unofficial winner, Chadchart Sittipunt. Analysts and brokers believe that the postponement in approving the new Bangkok governor will have a negative impact on the stock market due to rising political concerns.