Stocks in Focus on March 17, 2021: ICHI and NRF
Stocks in Focus on March 17, 2021: ICHI (Krungsri Securities TP at ฿17.00/share) and NRF (Maybank Kim Eng TP at ฿11.00/share).
Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 17, 2021.
Krungsri Securities (KSS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (ICHI) with a target price at ฿17.00/share.
KSS expected ICHI to record a 57% growth in net profit this year at 809 million baht, mainly due to higher sales volume from its beverage products, as well as the utilization rate. Meanwhile, the news of entering into a hemp-related business also post a potential growth to the company as well.
Maybank Kim Eng has given a “BUY” recommendation on NR Instant Produce Public Company Limited (NRF) with a target price of ฿11.00/share.
Maybank stated that NRF’s earnings outlook is expected to grow strongly in the 2021-22 period (3-year average profit is expected to reach 44% CAGR), with the ethnic food combined with megatrends such as plant-based and e-commerce that achieve growth faster-than-expected. NRF also has upside risk from hemp business with potential partners.