Stocks in Focus on October 19, 2021: KKP and TOA
Stocks in Focus on October 19, 2021: KKP (KTBST Securities TP at ฿67.00/share) and TOA (Maybank Kim Eng Securities TP at ฿40.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 19, 2021.
KTBST Securities (KTBST) has given a “BUY” recommendation on Kiatnakin Phatra Bank Public Company Limited (KKP) with a target price at ฿67.00/share.
KTBST stated that KKP has outperformed the SET Index by 3% over the past month on 3Q21 earnings speculation. The stock will likely continue to be an outperformer as 1) 4Q21E net profit is projected to grow further YoY, and 2) the stock has a track record of paying a high dividend yield, which we estimate to be 5% for 2021E performance.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on TOA Paint (Thailand) Public Company Limited (TOA) with a target price at ฿40.00/share.
MBKET stated that the Covid-19 epidemic in Thailand and Vietnam and rising raw material costs have heavily affected 3Q21 earnings. But the outlook for 4Q21 recovers as the Covid-19 eases and the high season of building paint. MBKET forecast 2021-22 earnings to grow. TOA has a strong financial position, with cash on hand and high short-term investment of 7.8 billion baht. The target price for 2022 is THB40 based on a 35x average forward P/E.