Stocks in Focus on April 12, 2021: WHAUP and AP

Stocks in Focus on April 12, 2021: WHAUP (Krungsri Securities TP at ฿5.20/share) and AP (Trinity Securities TP at ฿8.80/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 12, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Wha Utilities and Power Public Company Limited (WHAUP) with a target price at ฿5.20/share.

KSS expected earnings to jump 88% QoQ to Bt207m in 1Q21F driven by improved water operations supported by rising demand from a new petrochemical plant as well as existing

clients, and a water tariff hike. This will be 17% of KSS’ FY21F profit, supported by near-term catalysts, M&A deals and attractive 3.7% dividend yield (XD date is April 27).

 

Trinity Securities has given a “BUY” recommendation on AP (Thailand) Public Company Limited (AP) with a target price at ฿8.80/share.

AP reported a presales in 1Q21 at 7.97 billion baht, increased 31.8% YoY and representing 22.4% from its annual pre sales target at 35.5 billion baht. After the launch of two projects in 1Q, the company still has 22 more projects to be launched. Trinity maintained AP as its top pick of the strong presales and backlog.