Stocks in Focus on November 17, 2021: CHG and CPN
Stocks in Focus on November 17, 2021: CHG (Asia Wealth Securities TP at ฿4.40/share) and CPN (Finansia Securities TP at ฿68.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 17, 2021.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Chularat Hospital Public Company Limited (CHG) with a target price at ฿4.40/share.
AWS stated that the overall 4Q21 outlook for CHG is weak QoQ after COVID-19 has an improving outlook, while Non-COVID-19 patients are starting to recover, including alternative vaccines to support. AWS revised net profit in 2021 up 44% reflecting performance that was better than expected, while 3Q21 net profit grew 455%YoY and 171%QoQ, better than expected.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Pattana Public Company Limited (CPN) with a target price at ฿68.00/share.
FSS estimated 4Q21 earnings to recover outstandingly to 1.5-1.7 billion baht after the reopening of department stores and traffic recovered to around 80% compared to before the lockdown, which lowered its burden to give a discount to concessionaires.
In the long term, the investment in SF and new department stores in Sriracha and Ayudhaya will give CPN a push as well as the renovation of Isetan. 2022-23 earnings are estimated to grow 95% and 32%, respectively. FSS gave a support level at THB57-57.50 and a resistance level at THB59.50-60.00