Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 15, 2021.
Kasikorn Securities (KS) has given a “BUY” recommendation on Thai Oil Public Company Limited (TOP) with a target price of ฿63.25/share.
KS expected TOP will benefit from wider aromatic spreads due to a supply disruption in China. IN 4Q20E, TOP to register hefty earnings growth, while GPM will likely recover in 2Q21. Normalizing global gasoline inventories will bolster overall GRM if gasoline demand picks up in the summer and widespread COVID-19 vaccine rollouts.
Maybank Kim Eng has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (EPG) with a target price of ฿11.00/share.
Maybank stated that EPG reported strong 3Q20/21 earnings with a new high record profit of THB431m (+40%QoQ, +102%YoY). Maybank expected it to enter the phase of growth in 2021-22 for all 3 core businesses: AeroFlex, AeroKlas and EPP. The current share price is traded on 18.3x Forward PE, below the average PE of 19x, while offering 3.8% dividend yield.