SAT Jumps 7% as Analyst Points Out Strong GPM and Div. Yield at 9%, Recomm. “BUY” at Bt25

SAT Jumps 7% as Analyst Points Out Strong GPM and Div. Yield at 9%, Recomm. "BUY" at Bt25.

The share price of Somboon Advance Technology Public Company Limited (SAT) rose ฿1.10/share or 6.75% to close the morning session on Friday at ฿17.40/share with a trading value of 168 million baht.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on SAT with a target price at ฿25.00/share, stating that the earnings of 240 million baht in 4Q20 was better than expected due to a higher than expected GPM and a higher result of SAT’s joint ventures that booked into a net profit in 4Q20. CNS estimated SAT’s net profit in 2021-2022 at 40-42%, while expecting a 7-9% yield.

 

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