Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 16, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on M.C.S. Steel Public Company Limited (MCS) with a target price at ฿18.50/share.
MBKET expected 2Q21 profit to be outstanding and hit a new record high of 320 million baht, +37% QoQ and +42% YoY) driven by various deliveries of structural steel works and outstanding works in 1Q21 to be included for delivery in this quarter. The backlog rose to 100,000 tonnes. The share price trades on low FY 2021 P/E of 6.7x, with a dividend yield of 8.2%
Krungsri Securities (KSS) has given a “BUY” recommendation on WHA Utilities and Power Public Company Limited (WHAUP) with a target price at ฿5.20/share.
KSS estimated WHAUP to record profit from operation at 296 million baht in 2Q21, representing an increase by 41% YoY and 34% QoQ. Even with a 22-day closure of Gheco-One that was out of schedule, the increase in utility rate has supported a higher demand for water and electricity.