Stocks in Focus on March 3, 2021: JMART and HMPRO

Stocks in Focus on March 3, 2021: JMART (Maybank Kim Eng TP at ฿31.50/share) and HMPRO (KGI Securities TP at ฿17.00/share).

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 3, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Jay Mart Public Company Limited (JMART) with a target price at ฿31.50/share.

Maybank stated that JMART’s 2021 net profit is forecast to hit a new record high at THB1.081b (+35% YoY). Maybank had a positive view on the important improvement of KBJ that is starting to offer loans in late 1Q21, which is another growth driver. It will also record extra gain from a valuation of about THB150-160m in 1Q21. This is positive sentiment in the near-term.

 

KGI Securities has given an “Outperform” rating on Home Product Center Public Company Limited (HMPRO) with a target price at ฿17.00/share.

KGI reiterated its view on HMPROs earnings recovery with expected YoY growth in every quarter in 2021 on the back of the low base from the country’s lockdown last year and recoveries in tourist arrivals and economic conditions. KGI maintained a rating of Outperform with a target price rolled over to end-2022 at Bt17.00, from Bt15.00, based on an unchanged PER 34.0x (+0.5 S.D the average between Siam Global House Public Company Limited (GLOBAL) and HMPRO).