GLOBAL Extends 3%, Analyst Forecast Healthy 3Q21 Earnings Growth, Giving a TP of ฿27
Analyst expected GLOBAL’s profit in 3Q21 to grow up by 39% YoY and to maintain that pace in 4Q2, backed by wide space flooding in Thailand
The share price of Siam Global House Public Company Limited (GLOBAL) rose ฿0.60/share or 2.83% to ฿21.80/share as of 16:00 local time in Thailand, with a trading value of 375 million baht.
Maybank Kim Eng Securities (Thailand) (MBKET) expected GLOBAL’s profit in 3Q21 to grow up by 39% YoY from sales revenue. SSSG is expected to increase by 11% while gross margin will increase as a result of an increase of iron price and house-brand sales share a higher proportion. After the flood, demand for housing improvement in 4Q21 to underpin its growth on YoY basis. MBKET has recommended “BUY” on GLOBAL, with a target price of 27 baht.