Stocks in Focus on July 12, 2021: TU and WICE

Stocks in Focus on July 12, 2021: TU (TP at ฿24.00/share) and WICE (TP at ฿11.88/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 12, 2021.

 

Asia Wealth Securities (AWS) has given a “Trading Buy” recommendation on Thai Union Group Public Company Limited (TU) with a target price of ฿24.00/share.

AWS projected TU to continue having good performance and raised the net profit forecast for 2021-22 by 18% and 17% due to the depreciation of the Thai baht which is a factor to support the business.

AWS expected 2Q21 net profit to grow continuously YoY and QoQ from high profit margins by revenue growth from the recovery of frozen seafood sales. The issue of Songkhla factory workers infected with COVID-19 is expected to have a limited impact.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on WICE Logistics Public Company Limited (WICE) with a target price of ฿11.88/share.

MBKET estimated WICE’s 2Q21 earnings at 92 million baht, representing an increase of 13.6% QoQ and 66.8% YoY, which would make a new record high for six consecutive quarters as the sea freight stocks are performing outstandingly.

More importantly, these stocks have high margins, which resulted in margin expansion.

 

Back to top button