Stocks in Focus on January 5, 2021: GPSC and SAWAD

Stocks in Focus on January 5, 2021: GPSC (Kasikorn Securities TP at ฿83.25/share) and SAWAD (Maybank Kim Eng TP at ฿70.00/share).

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on January 5, 2021.

 

Kasikorn Securities has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿83.25/share.

KS recommended GPSC, stating the the company has short-term support factors include 1) the resumption of IPPs and SPPs after maintenance shutdowns in 2Q20; 2) a lower energy cost; 3) additional demand from industrial users following the commencement of PTTGC’s plant in 2021 (power capacity 15 MW, steam capacity 50 tons/hour). Further capacity expansion, diversification into non-power businesses (such as battery production) look positive for the long term.

 

Maybank Kim Eng has given a “BUY” recommendation on Srisawad Corporation Public Company Limited (SAWAD) with a target price at ฿70.00/share.

Maybank stated that the demand for loans and fee income are forecast to improve QoQ for 4Q20, coupled with positive benefits from cost savings, while SAWAD’s 2021 earnings should continue growing by +13% YoY.