Stocks in Focus on December 28, 2020: SPA and JMT

Stocks in Focus on December 28, 2020: SPA (Kasikorn Securities TP at ฿9.30/share) and JMT (Maybank Kim Eng TP at ฿38.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 28, 2020.

 

Kasikorn Securities (KS) has given a “BUY” recommendation on Siam Wellness Group Public Company Limited (SPA) with a target price at ฿9.30/share.

KS stated that SPA will be a beneficiary of COVID-19 vaccine availability as its profit should recover by 2023. SPA will benefit from the return of Chinese tourists as they contribute 55% of its total income (highest in the industry).

In addition, KS expected the government will re-open the country to foreign tourists in 1Q21. SPA’s share price has slipped 29% YTD, lagging the SET Index by 25%.

 

Maybank Kim Eng has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿38.00/share.

Maybank stated that JMT’s 4Q20 earnings outlook is forecast to make an all-time high and continue growth momentum into 2021-22 thanks to GPM that accelerates faster than expected due to a 20% increase in cash on fully amortized loans portfolio. Maybank expected that this would boost net profit to jump +32% YoY in 2021.