Stocks in Focus on July 9, 2021: MAJOR and SIS

Stocks in Focus on July 9, 2021: MAJOR (TP at ฿25.50/share) and SIS (TP at ฿40.00/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 9, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Major Cineplex Group Public Company Limited (MAJOR) with a target price at ฿25.00/share.

KSS  upgraded MAJOR to BUY as valuation is attractive following the sharp correction in the share price over the past two months, since announcing they would sell their stake in SF. The divestment is a good move as it gives MAJOR flexibility to declare higher dividends and to be debt-free during the pandemic. And if cinemas are allowed to reopen soon, Hollywood blockbusters such as Fast & Furious 9 will help MAJOR to turn around in 4Q21.

 

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

MBKET expected SIS’ 2Q21 earnings to grow YoY and stabilise at a high QoQ driven by favorable sales of IT products, combined with the opportunity to work from home, which is expected to continue in 2H21. This is a factor that supports earnings in 2H21 to expand better than 1H21. And in the medium term, there will be a higher proportion of recurring income to support.

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