Stocks in Focus on June 17, 2021: GUNKUL and ICHI

Stocks in Focus on June 17, 2021: GUNKUL (TP at ฿4.70/share) and ICHI (TP at ฿17.00/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 17, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Gunkul Engineering Public Company Limited (GUNKUL) with a target price at ฿4.70/share.

Maybank stated that the main business trend of solar power and wind power plants is expected to expand gradually. This year, there will be 4 solar projects in Vietnam and 1 in Malaysia with a total production capacity of 181 MW, combined with the cannabis business will help to grow clearer.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (ICHI) with a target price at ฿17.00/share.

CNS expected ICHI’s earnings to continue growing for the third consecutive year at 618 million baht, representing an increase by 20% YoY, mainly due to the revenue from vitamin water, and OEM orders, coupled with other new products. Meanwhile, the investment cycle for ICHI has been completed.

In the meantime, 2Q21 earnings is expected to recover gradually to 150-155 million baht, representing a slight increase compared to the same period of last year and the previous quarter as sales in CLMV started to pick up and domestic sales also grew from vitamin water and OEM productions. CNS stated that ICHI is traded at 25x PER, which is below its peers at 25-33x.

 

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