Stocks in Focus on April 1, 2021: DTAC and CPN

Stocks in Focus on April 1, 2021: DTAC (Krungsri Securities TP at ฿57.00/share) and CPN (Maybank Kim Eng TP at ฿64.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 1, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Total Access Communication Public Company Limited (DTAC) with a target price at ฿57.00/share.

KSS stated that DTAC has a high dividend yield of 7%, while having a huge upside to the target price due to the speculation from the returning of Thailand’s tourism. KSS expected a recovery in 1Q21 earnings (+QoQ) from an increase in APU, lower loss from handset subsidy and cost management. The 1Q21 earnings are expected to be 24% of DTAC yearly earnings.

 

Maybank Kim Eng has given a “BUY” recommendation on Central Pattana Public Company Limited (CPN) with a target price of ฿64.00/share.

Maybank stated that the earnings outlook is expected to gradually recover in line with the situation of COVID 19 and signs of an accelerating consumption sector Plus, it should record extra profit of THB 1.5- 2 billion from the sale of assets to CPNREIT, while the mid-term profit is expected to return to normal in 2022