Kaohoon’s Top News on May 11, 2022

Headline: Eyes on US inflation data; If lower than expected, rebound could continue

If the US inflation data due tonight (May 11) comes out at 8.1%, which is lower than market projected, the SET Index is expected to continue its rebound and move broadly in the range of 1,630-1,637 and 1,580-1,590. Analysts recommend city’s reopening plays (CENTEL, MINT, ERW), transport plays (AOT, BA, BEM, BTS, CRC, CPN, MAJOR), refinery plays (TOP, SPRC) and shares that benefit from foreigners, such as BH, BDMS, CPALL and OR.


Headline: SABUY to launch 2 new tokens after obtaining license to provide digital asset service

SABUY Technology Plc. (SET: SABUY) expects that its profits momentum will continue in 2Q22, supported by the company’s five core businesses, which have already made an investment in over 38 firms. Furthermore, SABUY is now applying for licenses to provide digital assets and related services, with a plan to launch two new tokens: CRM token and FiiT token. In 1Q22, SABUY reported a net profit of THB107 million, up more than 200% YoY.


Headline: SPALI posts 60% growth in 1Q earnings, while SCC sees demand recovery

Supalai Plc. (SET: SPALI) posted a 1Q22 net profit of THB1,177.81 million, up 59% YoY on the back of higher transfer of ownership and the ability to control costs. As of the end of March, SPALI had backlog revenue from waiting to be transferred the ownership of house and/or condominium of THB28,137 million. 

Meanwhile, The Siam Cement Plc. (SET: SCC) anticipates an outstanding performance in 2Q22, as most firms are steadily recovering following Thailand’s reopening, leading to a rebound in demand in both the chemical and cement industries.


Headline: RBF expects consistent sales growth throughout 2Q22 after COVID-19  

R&B Food Supply Plc (SET: RBF) sees consistent sales growth throughout 2Q22, following a strong performance in 1Q22 that has already recovered from the pandemic. In 1Q22, RBF recorded a net income of THB162.86 million, up 117% YoY, and revenues of THB984.23 million, up 16.48% YoY.


Headline: BCPG 1Q22 earnings grow by 160%, while NER deliver net profit of THB469 million

BCPG Plc. (SET: BCPG) recorded net profit of THB1,363 million, improved by 160.4% YoY, from a total one-time gain of THB846.3 million, mainly from the sales of investment in SEGHPL, and higher revenue contribution from power projects in Lao PDR, Japan and the Philippines. 

Meanwhile, The Northeast Rubber Plc. (SET: NER)’s 1Q22 earnings were at THB469 million, up 27.94% YoY, lifted by higher sales volume and the ability to control costs.