Kaohoon’s Top News on March 24, 2022

Headline: Thailand to ban crypto currency as means of payment from April 1

Thailand’s Securities and Exchange Commission to ban the use of crypto as a means of payment from April 1. Popcoin and JFIN see no effects as RS Group has stated that Popcoin is utility tokens that the government supports for use within its own ecosystem. Meanwhile, JMART Group said that the group and BTS will jointly use JFIN within their own ecosystem as well.


Headline: BOT gives a green light to SCBX to invest in Bitkub Capital

The Bank of Thailand has approved SCBX’s investment in Bitkub Capital via SCB Securities and allowed the bank to put aside a large amount of capital to invest in digital assets at a minimum of 12 percent.


Headline: Analysts recommend five best stocks benefiting from government’s new measures

Analysts recommend five best stocks for investing, including SINGER, CPALL, MAKRO, TIDLOR, and SAWAD, highlighting the fact that these stocks will benefit from the government’s new measures worth THB70 billion aimed at mitigating the impact of rising fuel prices.


Headline: EA plans to begin delivering electric buses in the second half of this year

Energy Absolute Plc. (SET: EA) invested THB3 billion in the acquisition of Smart Bus Co., Ltd. in order to continue expanding its electric vehicle (EV) business from the downstream to the upstream. The first batch of 450-500 electric buses is planned to be delivered in the second half of this year. Analysts rate EA as a “BUY” with a target price of THB122.00.


Headline: CENTEL anticipates a recovery in the tourism industry after COVID-19 situation improves 

Central Plaza Hotel Plc. (SET: CENTEL) anticipates a recovery in the tourism industry this year as the COVID-19 situation improves. The company aims to generate THB5.9 billion in sales from the hotel business and THB12 billion in revenue from the food business. This is because the government has decided to discontinue pre-arrival COVID testing for fully vaccinated guests beginning April 1, and CENTEL will recognize earnings from two new hotels in Dubai and Samui.


Headline: PTTEP wins new offshore exploration block “SB412” in Malaysia 

PTT Exploration and Production Plc. (SET: PTTEP) has been awarded the exploration block SB412, located offshore northwest of Sabah, marking the twelfth exploration block in Malaysia. This achievement aligns with PTTEP’s investment strategy, driving growth in strategic focus areas and further strengthening the company’s portfolio in Malaysia.