Kaohoon’s Top News on December 21, 2021

The Bank of Thailand encourages collaboration between commercial banks and asset management firms (AMC). JMT Network Services (SET: JMT) soared 5.56% to close at THB66.50 yesterday (December 20), with a trading value of THB2,000 million, despite a crash in Thai stock market, on speculation that JMT would conclude the transaction with Kasikornbank (SET: KBANK) this week.

Britania (SET: BRI) is scheduled to begin trading on the stock exchange today (December 21). Analysts estimate that the share price will rise above the THB10.50 IPO price. The company expects to collect around THB2,652.83 million to fund future business expansion, with the goal of becoming a leading housing estate developer within five years.

The share price of Jasmine International (SET: JAS) fell more than 5% during the cash balance period between December 20, 2021 – January 28, 2022. Analysts anticipate a sell-off following the JAS’s Board of Directors’ approval of a change to the accounting policy for recording land and building values, which will increase the land and building prices.

Ananda Development (SET: ANAN) is committed to enhancing profitability and competitiveness through its mission “Ananda Sure.” The company plans to transfer three new condominium projects worth THB14,798 million early next year, with a goal of opening seven additional projects worth THB28,221 million. Meanwhile, SISB (SET: SISB) has signed a sales purchase agreement with Supalai (SET: SPALI) for a plot of land in Rayong Province for the establishment of its 6th campus.

The Senate had a private meeting to consider the list of seven new NBTC commissioners, which lasted more than five and a half hours and resulted in only five members being elected.

Dhipaya Group Holdings (SET: TIPH) was added to the FTSE Russell index yesterday. The company anticipates a net profit of THB2,231 million, up 15.5% over the year, on the strength of increased interest revenue. TIPH’s target price has been set at THB83.5 by analysts.