FSS Expects NER’s 2Q21 Earnings to Make Record High on Surging Sales Volume

Finansia Syrus Securities gave a "BUY" recommendation on NER with a target price at Bt9, expecting 2Q earnings to hit a record high.

Finansia Syrus Securities (FSS) estimated North East Rubber Public Company Limited (NER)’s 2Q21 earnings at 400 million baht, representing an increase by 9% QoQ and 78% YoY, which would make a new high from its consecutive growing sales volume as the purchasing orders are currently full until 4Q21.


FSS expected 2021 earnings to grow around 100%, while seeing that the valuation is still very cheap with a PE at 7x and offering a dividend yield of 5.5%, giving a “BUY” recommendation with a target price at ฿9.00/share.


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