Stocks in Focus on August 18, 2021: ORI and SAT
Stocks in Focus on August 18, 2021: ORI (Asia Wealth Securities TP at ฿11.00/share) and SAT (Maybank Kim Eng Securities TP at ฿25.50/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 18, 2021.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿11.00/share.
AWS expected a continuous growth from ORI in 2H21, while 4Q21 will be the most prominent, driven by completion of new project transfers and stock draining, while more horizontal transfer pressure on gross profit margins consequently. The company announced a 1H21 dividend of Bt0.12 and XD 24 August.
AWS revised the operating profit in 2021-22 down 6% and 4%, but still chose ORI as the top picks based on both short and long term growth plans.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Somboon Advance Technology Public Company Limited (SAT) with an upgraded target price at ฿25.50/share.
MBKET stated that SAT’s 2Q21 profit fell 26% QoQ after hitting a high in 1Q21. Although Thailand is in a Covid-19 wave, customer orders are still high due to high export growth. Management maintained their full year car production target of 1.65-1.7m units, (+15-20% YoY). SAT’s sales growth will outpace industry thanks to new orders.
In this regard, MBKET raised its FY21 profit forecast to THB1.03b (+178% YoY), a new high, lifting the target price to THB25.50 from THB24 based on the 10-year average forward P/E of 10.5x.