Summary of Important News Dated January 4, 2024, E-Finance Thai News Agency

TISCO reveals 5 factors supporting SET reaching 1,550 points this year, recommends holding the stock in the group. E-Receipt-Travel-Dividend
TISCO Securities expects the Thai stock index to outperform last year in 2024, looking at a year-end target of 1,550 points from 5 sub-factors, indicating that now is the right time to buy stocks benefiting from e-receipt activities and tourism. Dividend reveals top stocks for January recommending AP, CPALL, CRC, KTB, SCB, SCCC, SIRI and TASCO.

PTT is investing 1,851 million baht to set up an EV battery factory, which will begin production immediately this year.
PTT established AC Energy Solutions with a registered capital of 1,851 million baht. It supports the expansion of EV vehicles and will start production as soon as this year.

CHAYO announces that revenue will grow by no less than 25% in 2024, investing 1.5 billion baht and buying bad debt of more than ten thousand million baht.
CHAYO aims for 25% revenue growth in 2024 – the budget budget is 1.5 billion baht, 10 billion baht to buy additional bad debt, reveals the number of bids to buy debt in 2023, approximately 19.5 billion baht, supports. By the end of 2023, the debt management portfolio will grow. Over 1 lakh million baht

EASTW returns water pipeline project assets to Treasury as per contract schedule Fear not! Accelerating water grid construction
EASTW continues to deliver water pipeline project assets to the Department of Treasury as per the contract schedule. There is enough water in the eastern part to ensure every sector. Accelerating the progress of the 526 km long water grid project, it is a leader in water management in the Eastern region.

RATCH Vietnam invests 860 million baht to complete hydropower plant contract. Supporting a renewable energy portfolio closer to the 30% target
RATCH continues to expand its business base, announcing an investment in an 860 million baht hydropower plant in Vietnam. It hopes to increase the renewable energy investment portfolio closer to the 30% target by 2020.

Brokerage Offers Pending Shares Free Thai-Chinese Visa “Tourism-Airline-Real Estate-Retail” Ready to Get Benefits
Brokers see the Thai-Chinese visa-free operation from March 1, 2024 as a headwind for Thailand's tourism industry. Looking at the structure of 32-35 million foreign tourists, it is expected to be positive for tourism groups, airports, airlines, restaurants, real estate.

SET is freezing SP TAPAC stocks from today. Reason for non-submission of financial statements
SET suspends SP TAPAC shares for non-submission of financial statements ending October 31, 2023.

AH sells shares in “SACL”, an auto parts company in India, and receives 3 billion baht.
AH reveals that a meeting of the board of subsidiary SGAH has approved the sale of shares of SACL, which is worth more than 2,995 million baht in India, for the sale of shares worth 2,995 million baht until 2020. Pay back loans.

“Surya” urgently discussed today after the yellow line came off the wheel. Yell if it happens again. Immediate disqualification of service providers from bidding.
“Surya” plans to hold an emergency meeting on electric train safety today (January 3, 2024) after the yellow line came off a wheel and hit a taxi. Order to record history of service provider notified in case of recurrence of incident immediately disqualified from bidding in other schemes

The Prime Minister reveals an annual spending budget of 3.48 trillion baht for 2024, highlights 6 driving strategies – and hopes for GDP growth of 3.7%.
The Prime Minister unveils the 2024 Annual Expenditure Budget in the House of Representatives, setting an annual expenditure budget of 3.48 trillion baht, an increase of 9.3% from the previous year, as well as highlighting 6 strategies to drive the country.

Transport prepares to submit 7 mega projects worth 133 billion baht to Cabinet by this month.
Transport is preparing to submit 7 investment plans to the Cabinet by January, hoping to push more than 133 billion baht to stimulate the economy.

Source: E-Finance Thai News Agency

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