Stocks in Focus on February 24, 2021: COM7 and AP

Stocks in Focus on February 24, 2021: COM7 (Kasikorn Securities TP at ฿53.80/share) and AP (Maybank Kim Eng TP at ฿8.26/share).

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 24, 2021.

 

Kasikorn Securities (KS) has given a “BUY” recommendation on COM7 Public Company Limited (COM7) with a target price at ฿53.80/share.

KS stated that CPM7’s 4Q20 profit was 552 million baht, up 43% YoY and 4 8% QoQ, beating KS’ estimate and the consensus forecast, thanks to higher-than-expected revenue and a decline in SG&A. In 2021, KS expected the mobile phone market to expand 3-5%.

 

Maybank Kim Eng has given a “BUY” recommendation on AP (Thailand) Public Company Limited (AP) with a target price of ฿8.26/share.

Maybank stated that FY20 was an exceptional year for AP with record-high revenue and earnings. FY21E guidance implies AP should be able to retain the No.1 position for presales/new launches. Given its strong pre-sales momentum YTD and compelling guidance, Maybank raised FY21E-22E earnings by around 6%  p.a.

The higher target price of THB8.7 is based on a target 7x FY21E P/E, its 5-year mean. The dividend yield is attractive at over 6% pa consistently.