Stocks in Focus on September 8, 2021: CPNREIT and SMD

Stocks in Focus on September 8, 2021: CPNREIT (Maybank Kim Eng Securities TP at ฿24.00/share) and SMD (KGI Securities TP at ฿19.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 8, 2021.


Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on CPN Retail Growth Leasehold Reit (CPNREIT) with a target price at ฿24.00/share.

MBKET expected the operating performance of CPNREIT will begin to recover from September 2021 onwards, driven by the reopening of the department store, with more customer traffic returning and the rental discount is likely to gradually decrease. MBKET estimated 2022 earnings should recover significantly to THB 2.1 billion or about 111% YoY growth.


KGI Securities has given an “Outperform” rating on Saintmed Public Company Limited (SMD) with a target price at ฿19.00/share.

KGI initiated coverage on SMD and estimated the company to show appealing 3-year earnings CAGR (2020-2023) of 31% driven by 3-year sales CAGR of 24.3% on the back of extraordinary growth amid the COVID-19 pandemic and potentially new projects such as AED and sleep lab. This would allow SMD to utilize its core business as well as achieve solid sales and earnings growth.

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