Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 31, 2021.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Amata Corporation Public Company Limited (AMATA) with a target price at ฿23.30/share.
AWS expected AMATA’s earnings to recover in 2H21, driven by backlog transfers and continued recurring revenue growth. The company revised down the land sales target in 2021 from 950 rai to 650 rai after investors were unable to visit the land in the industrial estate. We revised down our FY21 profit by 15% to Bt1.2bn after the impact of COVID-19 was longer than expected but still projected profit in 2022.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿102.00/share.
MBKET stated that GPSC’s 2H21 earnings are expected to stay strong supported by the high season of Xayaburi hydro power plant together with profit from Avaada (Solar business in India ), to recognize in 3Q21. In medium term, business expansion and storage business is an upside to the share price.