Stocks in Focus on July 21, 2021: BBL and SIS

Stocks in Focus on July 21, 2021: BBL (TP at ฿151.00/share) and SIS (TP at ฿45.00/share). 


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 21, 2021.

 

Trinity Securities has given a “BUY” recommendation on Bangkok Bank Public Company Limited (BBL) with a target price at ฿151.00/share.

Trinity Securities estimated BBL’s 2021 earnings at 24,948 million baht, representing an increase by 45% YoY, as the net profit reported in 1H21 contributed to 53% of Trinity’s whole year forecast.

The securities company expected a slight weakness in performance due to the resurgence of Covid-19 outbreak. Nevertheless, Trinity believed that the provision on 2020 and 2Q21 would be enough to relieve the impact from this outbreak.

In addition, the target price of Bt151 per share is based on PBV 0.63x with a forward PBV at 0.43x, which is lower than its peers.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on SIS Distribution (Thailand) Public Company Limited (SIS) with a target price at ฿45.00/share.

MBKET expected 2Q21 profit at THB 195 million baht (+2% QoQ, +33% YoY), reaching new highs for the fifth consecutive quarter due to the demand for computers, smartphones and also the upside risk from the COVID 19 situation that is more severe than expected. This causes the work from home to be extended, which is expected to support strong purchasing power until the end of the year.

 

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