Stocks in Focus on April 2, 2021: KKP and BBL

Stocks in Focus on April 2, 2021: KKP (Maybank Kim Eng TP at ฿70.00/share) and BBL (Krungsri Securities TP at ฿155.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 2, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Kiatnakin Phatra Bank Public Company Limited (KKP) with a target price at ฿70.00/share.

Maybank expected the economic recovery to bring cyclical plays to light leading the banking sector. The security company had a positive view on KKP due to its improving NPLs outlook, better activities in the capital market, (trading volumes were almost Baht 100 bn./day on average) as well as an increase in revenue from IB business.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Bangkok Bank Public Company Limited (BBL) with a target price at ฿155.00/share.

KSS expected BBL to report a net profit of 3,999 million baht in 1Q21, an increase of 67% QoQ, due to lower provision. BBL also offered Bt2.50 per share (2% dividend yield) with an XD on April 21, while having a free float of 99%. KSS expected BBL to benefit the most with a new free float measure by the Stock Exchange of Thailand.