Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 9, 2021.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿98.00/share.
AWS stated that GPSC’s 2Q21 normal profit and net profit increased both QoQ and YoY, due to positive factors from (1) the increased demand for electricity and steam from industrial customers (2) gross profit margin remained stable QoQ, and (3) realized profit sharing from increased investment both QoQ and YoY, extra income from insurance compensation of Glow Energy Power Plant Phase 5.
Meanwhile, 3Q21 outlook is still growing QoQ from XPCL project, Solar project in India and dividend from RPC.
AWS stated that it has a positive view on Utilities shares, GPSC is one of its top picks.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Thai Union Public Company Limited (TU) with a target price at ฿24.00/share.
MBKET expected strong earnings outlook in 2Q21 both QoQ and YoY from TU, driven by higher sales of frozen seafood and pet food Gross margins should remain high, thanks to a focus on selling high margin products and cost controlling.
Meanwhile, Red Lobster has recovered well after US city reopening. MBKET forecasted 3Q21 earnings to continue to be good, supported by a weak baht.