Stocks in Focus on January 21, 2021: HANA and TMB

Stocks in Focus on January 21, 2021: HANA (Maybank Kim Eng TP at ฿55.00/share) and TMB (KGI Securities TP at ฿1.53/share).

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on January 21, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Hana Microelectronics Public Company Limited (HANA) with a target price at ฿55.00/share.

Maybank forecasted HANA’s earnings outlook to grow 12% CAGR in response to technology transformation into 5G in the next 3 years from now on. The current share price is trading on 19x PE, below ASEAN’s electronics manufacturers trading at 25x and Thailand’s electronics stocks trading at above 40-100x.

 

KGI Securities has given an “Outperform” rating on TMB Bank Public Company Limited (TMB) with a target price at ฿1.53/share.

TMB reported 4Q20 earnings of Bt1.2bn (-24% QoQ, -23% YoY). The result was 8% below the forecast due to provisioning expenses rising more than estimated. Full-year earnings were Bt10bn (+40% YoY) driven by consolidation with Thanachart Bank. TMB’s operation recovery is still on track and should continue with operating cost savings after it runs as one bank entity in 2021.