Stocks in Focus on June 25, 2021: CBG and TU

Stocks in Focus on June 25, 2021: CBG (TP at ฿155.50/share) and TU (TP at ฿20.00/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 25, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with an upgraded target price at ฿155.50/share.

KSS expected 2Q sales revenue to improve QoQ. This would be supported by (i) re-stocking in  Myanmar as dealers are running low on inventory, and (ii) recovering demand in CLMV markets in April-May. If CBG reduces sugar content from 20g/150ml to 12g/100ml, that would lift gross profit by Bt320m and gross margin by 1.6%. Maintain BUY rating with a higher TP of Bt155.5 (from Bt140).

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿20.00/share.

MBKET expected 2Q21 earnings to continue to be good from ambient seafood sales recovered after the US reopened more cities, the cost of raw tuna is still low, the pet food business enjoying strong sales while Red Lobster is likely to recover from business restructuring and city reopening.

 

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