Stocks in Focus on June 29, 2021: CK and KWM

Stocks in Focus on June 29, 2021: CK (TP at ฿29.20/share) and KWM (TP at ฿7.15/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 29, 2021.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (CK) with a target price at ฿29.20/share.

AWS stated that from the case where the Ministry of Interior has issued a one-month lockdown for workers’ camp measures, AWS expected the measures to affect the performance of the construction contractor group, although CK has the largest proportion of work in Bangkok but the impact was not much because backlog recognized in 2021 was relatively small, as well as compensated from the recognition of revenue from subsidiaries.

Investment strategy, AWS’ analysts estimate that these factors will put pressure on the stock  price in the short-term sector. This is an opportunity to collect purchases from government measures to assist construction operators and trends in government jobs in big projects which will continue to come in from 2H21 to 2022, which will continue to support revenue for the group by recommending CK with a target price of Bt29.20 per share.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on K.W. Metal Work Public Company Limited (KWM) with a target price at ฿7.15/share.

MBKET expected a profit this year of 98 million baht, representing a 126% increase YoY, to set a new record for two consecutive years on the back of higher sales and margin after adjusting production lines and launching new products. Moreover, the main customers with the very high tractor production have boosted their income. The hemp extract machine is expected to accelerate the profit in the next period.

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