Stocks in Focus on January 7, 2021: KKP and TMB

Stocks in Focus on January 7, 2021: KKP (Krungsri Securities TP at ฿58.50/share) and TMB (Maybank Kim Eng TP at ฿1.40/share).

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on January 7, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Kiatnakin Phatra Bank Public Company Limited (KKP) with a target price at ฿58.50/share.

KKS stated that the dividend overhang is removed after BOT allowed commercial banks to pay dividends. In this regard, KKS expected KKP to pay a dividend payment of Bt3 per share, which implies the highest dividend yield among banking peers at 5.6%.

 

Maybank Kim Eng has given a “BUY” recommendation on TMB Bank Public Company Limited (TMB) with a target price at ฿1.40/share.

Maybank forecasted TMB’s 2021 earnings to grow by 19% on lower provisions and higher fee income, coupled with undemanding valuation, trading at 0.52x PBV, this makes it more attractive for accumulation.