Stocks in Focus on April 5, 2021: ORI and ECL

Stocks in Focus on April 5, 2021: ORI (KTB Securities TP at ฿10.00/share) and ECL (KGI Securities TP at ฿2.14/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 5, 2021.

 

KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿10.00/share.

KTBST forecast ORI’s 2021 normalized profit at 3.2 billion baht, an increase of 29% YoY, which would be better than the sector, forecasting a growth of 26%. The company would recognize continuous sales revenue with a backlog over 76%. The PER in 2022 is 6.6x, lower than the average of its peers at 11.5x.

 

KGI Securities has given an “Outperform” rating on Eastern Commercial Leasing Public Company Limited (ECL) with a target price at ฿2.14/share.

KGI expected ECL’s profit to recover outstandingly at 103%, while the share price is still laggard. The increase in profit would be due to 1) settlement of asset quality in 2020, stricter loan allowance and growing loan portfolio. 2) The cooperation with AUCT to create an upside to estimations. 3) Laggard valuation with PBV 2021 at ±1x, compared to a historic value of 1.3x, and PE of 14.7x, compared to a historic value of 20.6x.