Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 4, 2021.
Maybank Kim Eng has given a “BUY” recommendation on TPI Polene Power Public Company Limited (TPIPP) with a target price at ฿5.00/share.
Maybank stated that TPIPP’s 4Q20 earnings are expected to slow down, but the 2021 outlook is expected to improve due to the installation of additional boilers. TPIPP expects to win several new power plant projects. Recently, the company won a bid for an 8MW waste-to-energy (WTE) project in Songkhla.
In addition, the company is bidding and preparing to bid for 11 other WTE plants, totaling 135MW. The current share price trades at a low FY2021E P/E of 7.9x, with a decent dividend rate of 6.3% (assuming 50% of profit).
Krungsri Securities (KSS) has given a “BUY” recommendation on WHA Corporation Public Company Limited (WHA) with a target price at ฿4.50/share.
KSS stated that WHA has bullish targets for this year as land sales +100%, transfers +74%, logistics +34%, water sales +30%, asset monetization +14%, and power unit +10%. These seem achievable and would provide upside risk to KSS’ earnings forecast. KSS stated that WHA’s share price has risen 24% since the initiation coverage in Oct 2020 but has yet to fully-reflect its fundamental value.