Stocks in Focus on July 6, 2021: TOA and CBG

Stocks in Focus on July6, 2021: TOA (TP at ฿40.00/share) and CBG (TP at ฿157.00/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 6, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on TOA Paint (Thailand) Public Company Limited (TOA) with a target price at ฿40.00/share.

MBKET expected earnings to slow down to THB550m in 2Q21 (-18%QoQ, -7%YoY). Excluding extra items, normalised profits should improve 5%YoY. The soft QoQ earnings growth was because the domestic market entered the low season and Covid-19 epidemic both in Thailand and abroad.

The earnings outlook for 2021 should grow well, driven by the launch of the new business model “MEGA PAINT Warehouse”, combined with TOA being a leader in paint products in Thailand with a market share of 49% and ASEAN 13%. Meanwhile, the share price dropped from THB38 to THB32.5, offering an upside of 23%.

 

Country Group Securities (CGS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿157.00/share.

CGS expected CBG’s 2Q21 performance to recover (QoQ) from higher purchasing orders in CLMV, higher sales in China to record a triple digit growth, the new product Woody C+ Lock Vitamin C Drink Mixed Berry and its brand new liquor products.

 

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