Stocks in Focus on October 29, 2021: SCC and MEGA
Stocks in Focus on October 29, 2021: SCC (Maybank Kim Eng Securities TP at ฿520.00/share) and MEGA (Maybank Kim Eng Securities TP at ฿55.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 29, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on The Siam Cement Public Company Limited (SCC) with a target price at ฿520.00/share.
MBKET stated that the improvement of COVID-19 situation will enable lockdown easing in the region. This will support demands. MBKET forecast net profit of 10-11 billion baht. As well as revising up 2021F estimation to 49 billion baht. (+43%). Moreover, the securities company added that a 4.3% yield is also very attractive.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Mega Lifesciences Public Company Limited (MEGA) with a target price at ฿55.00/share.
MBKET initiated coverage on MEGA with a “BUY” rating, seeing a positive outlook on the strong MEGA franchise brand in supplement industry and distribution business, which are expected to grow in line with Asean economy. Current 2022F P/E of 22.5x below peers of 31.7x.