Stocks in Focus on July 13, 2021: JMT and SONIC

Stocks in Focus on July 13, 2021: JMT (TP at ฿53.00/share) and SONIC (TP at ฿5.65/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 13, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿53.00/share.

MBKET expected JMT to report 2Q21 earnings at 290 million baht, representing an increase of 3% QoQ and 28% YoY. The increase would be due to 1) JMT’s bad debt management to grow 5% QoQ and 19% YoY, 2) bad debt collection during temporary debt relief, and 3) insurance business remained at a breakeven point, while GPM edged slightly higher.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Sonic Interfreight Public Company Limited (SONIC) with a target price at ฿5.65/share.

AWS expected SONIC’s 2Q21 earnings of Bt45mn to be all-time high, a positive factor from recovering exports and high freight rates. The 2H21 trend would continue to be strong due to global container demand remaining high and high freight rates which are expected to continue until the end of 2021. Meanwhile, SONIC will also benefit from the depreciation of the Thai baht.

AWS revised up SONIC’s 2021-22 net profit forecast by 22% and 10%, respectively, reflecting a bright business outlook.

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