Kaohoon’s Top News on June 2, 2022

Headline: TRUE raises THB4 billion from disposing 300 million units of DIF

True Corporation Pcl. (SET: TRUE) has disposed of 300,000,000 investment units in the Digital Telecommunications Infrastructure Fund (SET: DIF), raising approximately THB4 billion. Analysts see short-term negative sentiment in DIF, but maintain a “BUY” rating with a target price of THB16.30 because the fund continues to pay an annual dividend yield of 7.6% and a full-2022 dividend payment of THE1.03 per unit.


Headline: SIRI Revives the Krungthep Kreetha project worth THB30 billion

Sansiri Pcl. (SET: SIRI) revived the Krungthep Kreetha project on the 500-rai plot with an investment budget of THB30 billion in order to set up a new community center, along with 3 additional high-end single-detached residences valued at about THB9.3 billion. SIRI anticipates generating THB8 billion in revenue from new project transfers in the first half of this year.


Headline: WP expects a greater-than-anticipated profit as LPG prices increase

WP Energy Pcl. (SET: WP) anticipates a greater-than-anticipated profit of THB12 billion as domestic LPG prices have increased, resulting in a surge in stock margins. The Company has maintained its LPG domestic sales volume target for this year at 765 thousand tons.


Headline: MALEE and ABICO shares hit a price ceiling ahead of share swap tender offer 

Malee Group Pcl. (SET: MALEE) and Abico Holdings Pcl. (SET: ABICO) shares reached a price ceiling yesterday (1 June) in anticipation of a share swap tender offer in the third quarter of 2022. The merger is expected to be finalized by the end of 4Q22, and ABICO’s stock will then be delisted from the Stock Exchange of Thailand.


Headline: IND and PPS secures contracts for consulting services on MRT Purple Line project

Index International Group Pcl (SET: IND) and Project Planning Service Pcl (SET: PPS) have signed contracts for project management and construction supervision for civil works 1 – MRT Purple Line Project. IND and PPS each acquired one contract with a value of THB1,094 million and THB959 million, respectively.