Stocks in Focus on April 20, 2021: KTC and SISB

Stocks in Focus on April 20, 2021: KTC (KTB Securities TP at ฿90.00/share) and SISB (TISCO Securities TP at ฿14.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 20, 2021.

 

KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Krungthai Card Public Company Limited (KTC) with a target price at ฿90.00/share.

KTBST stated that the 1Q21 net profit of Bt1.63bn beat Bloomberg consensus by 10% as 1) marketing expense dropped -38% YoY, -28% QoQ given a shift of focus to the online marketing during the COVID-19 outbreak and 2) provision expense shrank -8% YoY, -20% QoQ due to a high base.

KTBST maintained 2021E/22E net profit forecast at Bt6.38bn (+20% YoY)/Bt7.43bn (+16%) as 1) total loan is projected to grow by each +8%, and 2) credit cost is forecasted to reduce to 628/502 bps compared to 751 bps in 2020.

 

Tisco Securities has given a “BUY” recommendation on SISB Public Company Limited (SISB) with a target price at ฿14.00/share.

Even with the new wave of Covid-19, Tisco expected SISB to continue growing due to 1) an increase in 1Q21 earnings estimate (YoY and QoQ) from the new semester, 2) lower impact from the new wave, 3) the opening of Thonburi Phase 2 and Nonthaburi Campus to boost revenue, 4) the new expansion plan to nursery and kindergarten. Tisco Securities expected SISB’s 2021-2023 CAGR to grow 43%.