HANA Jumps 5% to ฿41 as Orders Flood In, Analyst Recommends “BUY” at a TP of ฿46

HANA Jumps 5% to ฿41 as Orders Flood In, Analyst Recommends “BUY” at a TP of ฿46.00

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.

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