The share price of Hana Microelectronics Public Company Limited (HANA) increased ฿2.00/share or 5.13% to ฿41.00/share with a trading value of 772 million baht.
Finansia Syrus Securities has given a “BUY” recommendation on HANA with a target price at ฿46.00/share, expecting the company 4Q20 earnings to grow 15% QoQ due to higher purchasing orders in both smartphone and automotive sectors. Moreover, the company expected another 20% of production increase in 1Q21 to support the expansion.
The security company estimated HANA’s normalized profit in 2020-2021 to increase 18% and 22% YoY. The only downside risk is only the baht appreciation.