Stocks in Focus on July 7, 2021: TU and CHG

Stocks in Focus on July 7, 2021: TU (TP at ฿22.00/share) and CHG (TP at ฿4.40/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 7, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿22.00/share.

MBKET expected TU’s 2Q21 earnings to expand QoQ and YoY, mainly due to the baht depreciation and its peak season with strong sales in frozen foods as the economy in the U.S. gradually recovered. Meanwhile, tuna price continued to increase due to its seasonality, but still in a manageable range.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Chularat Hospital Public Company Limited (CHG) with a target price at ฿4.40/share.

CNS upgraded CHG’s target price from Bt3.60 to Bt4.40, expecting net profit in 2Q21 at 363 million baht, representing an increase of 135% YoY and 44% QoQ due to an increase in Covid-19 services around 25% of CHG’s total revenue in the quarter. Meanwhile, the revenue from general sales and services would also increase in YoY and QoQ as well.

In addition, CNS expected gross margin to improve YoY and QoQ to 30.2%, while SG&A to drop to 9.5%. Thus, CNS revised 2021-22 earnings up to 21% and 13%, respectively.

 

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