Stocks in Focus on March 1, 2021: CPF and BANPU
Stocks in Focus on March 1, 2021: CPF (Krungsri Securities TP at ฿42.20/share) and BANPU (KGI Securities TP at ฿13.00/share).
Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 1, 2021.
Krungsri Securities (KSS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿42.20/share.
KSS had a positive sentiment on CPF from baht depreciation while swine, chicken price stabilized at a high level. Earnings contributions from units tend to rise, particularly from CPALL on full-year consolidation of TESCO Lotus.
KGI Securities has given an “Outperform” rating on Banpu Public Company Limited (BANPU) with a target price at ฿13.00/share.
KGI revised up earnings estimates for BANPU by 43% to Bt7.95bn in 2021 and 35% to Bt6.3bn in 2022 due to a higher coal price and lower coal cost as the security company adjusted up assumption for coal price for 2021/22 from US$75/70/ton to US$80/75/ton with an unchanged long-term price of US$70/ton, supported by La Nina weather and the global economic recovery this year.
KGI upgraded 2021 target price to Bt13.00, from Bt9.40, based on SoTP methodology to reflect the earnings upgrades and also upgraded rating to Outperform, from Neutral, thanks to i) high earnings growth in 2021 and ii) anticipated better 1Q21 earnings from high seasonal coal demand in the winter.