Stocks in Focus on February 3, 2021: HTC and SAWAD
Stocks in Focus on February 3, 2021: HTC (Krungsri Securities TP at ฿45.00/share) and SAWAD (KGI Securities TP at ฿71.00/share).
Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 3, 2021.
Krungsri Securities (KSS) has given a “BUY” rating on Haad Thip Public Company Limited (HTC) with a target price at ฿45.00/share.
KSS expected HTC’s 4Q20F revenues to drop YoY due to cooler weather, but earnings should grow 322% YoY to Bt120m, supported by higher gross margin as well as lower SG&A Costs/Sales ratio. KSS remained positive in 2021, premised on recovering consumption.
KGI Securities has given an “Outperform” rating on Srisawad Corporation Public Company Limited (SAWAD) with a target price at ฿71.00/share.
KGI stated that the plunge in loan growth at BFIT raises the pressure on SAWAD’s yield in 4Q20. KGI assumed loan yield declined 60bps QoQ in 4Q20, and full-year loan yield would be around 19.5%. However, this should be balanced by accelerated loan growth, growth in other incomes, and squeezed operating expenses. Going forward, SAWAD is expected to see solid loan growth in 2021.