Stocks in Focus on April 27, 2021: HMPRO and TVO

Stocks in Focus on April 27, 2021: HMPRO (Asia Wealth Securities TP at ฿17.00/share) and TVO (KGI Securities TP at ฿40.20/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 27, 2021.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Home Product Center Public Company Limited (HMPRO) with a target price of ฿17.00/share.

AWS stated that HMPRO had good 1Q21 earnings, which was 23.1% from total earnings estimate in 2021 while expecting that the 2Q21 earnings would grow outstandingly even with the third wave of coronavirus outbreak as all branches remained open.

AWS pointed out HMPRO’s ability on cost management and higher online channels growth due to the effective delivery strategy such as the same day delivery and next day delivery. The company also had after service, installation and repairing that created more revenue for HMPRO.

In addition, AWS expected HMPRO to record a net profit of 5,910 million baht in 2021, representing a 14.7% growth YoY.

 

KGI Securities has given an “Outperform” rating on Thai Vegetable Oil Public Company Limited (TVO) with a consensus target price at ฿40.20/share.

KGI expected positive sentiment for TVO from higher soybean price that recently reached a new high in seven years, citing the consensus of 26% growth for TVO’s earnings this year while having a PE 2021 at 12.5x and a dividend yield of 6.4%.

More importantly, KGI stated that commodity-related stocks outperformed economic-related stocks during the latest coronavirus outbreak. Thus, KGI gave a support level for TVO at Bt32.00 and a resistance level at Bt33.5-34.5 (stop loss at Bt31.00) with a consensus target price at Bt40.20 per share.