SABUY Continues a Rally to Break All-Time High, Analyst Sees 42% Earnings Growth in 2021

SABUY Continues a Rally to Break All-Time High, Analyst Sees 42% Earnings Growth in 2021

The share price of Sabuy Technology Public Company Limited (SABUY) rose ฿0.92/share or 22.66% to ฿4.98/share with a trading value of 1,020 million baht, marking an all-time high since entered the market on November 11, 2020.

 

KTBST Securities (KTBST) forecasted SABUY’s 2021-2022 earnings of 144 million baht and 199 million baht, an increase of 42% YoY and 37% YoY, respectively, giving a strategic target price of ฿4.50/share. 

 

For 2021 outlook, SABUY targets to double the number of vending machines to 12,000, and also expects the partnership with TrueMoney Wallet and other E-Wallet services to boost the company’s sales and revenue.

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