PLANB jumps 6% as Globlex recommends buying after 860 million baht iCare investment

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Summary · why it matters

PLANB shares rose 5.56% to 7.60 baht on trading value of 249.79 million baht after Globlex Securities issued a "buy" recommendation following a deal to subscribe to new shares in iCare, an insurance business under the COM7 umbrella, worth 860 million baht. The transaction will give PLANB a 46.28% stake in iCare, funded entirely with borrowed money. The deal still requires approval from the COM7 shareholders' meeting on November 6, 2026, the iCare shareholders' meeting on November 9, 2026, and the Office of the Insurance Commission, with completion expected by the end of 2026. Globlex expects PLANB to recognize a profit share from iCare of about 211 million baht in 2027, or a return of roughly 25% against the 860 million baht investment, while borrowing costs stand at about 3.5% per year. Globlex also raised its 2027 net profit forecast by 7.2% to 1.836 billion baht and its 2028 forecast by 7.5% to 2.027 billion baht.

Impact on assets 3

Communication Services▲ · 1 stocks
Plan B Media PCL
PLANB
▲ PositiveCapitalrelevance

PLANB will subscribe to 860 million baht of new iCare shares for a 46.28% stake, with Globlex expecting ~211 million baht profit share in 2027.

Financials▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
Com7 PCL
COM7
± MixedRegulationrelevance

iCare deal requires approval from COM7 shareholders' meeting; COM7 is only the umbrella parent of iCare, not the deal's subject.

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