Stocks in Focus on June 1, 2021: BANPU and GPSC


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 1, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Banpu Public Company Limited (BANPU) with a target price at ฿16.00/share.

KSS stated that strong demand for power and tight coal supply have driven the NEX Index to US$119/t, the highest since July 2018. 26% of BANPU’s coal sales has been fixed, suggesting a big upside for coal sales this year. KSS raised ITM’s ASP in FY21- 23F to US$82/75/70 from US$65/67/67. Upgrade to BUY, raised target price to Bt16.0/sh (from Bt13.0); expect street to upgrade by significant margin.

 

DBS Vickers Securities (DBSVS) has given a “BUY” recommendation on Global Power Synergy Company Limited (GPSC) with a target price at ฿95.00/share.

DBSVS expected 2Q21 financial results to continue strongly due to the seasonality in 2Q for the electricity generator business. Meanwhile, the VSPP and battery factory will start the commercialization in 2021 as the company focuses on the cycle of battery business with an investment worth 500 million baht to hold 11.1% stake in Anhui Axxiva New Energy Technology Co., Ltd. (AXXIVA), a 1GWh producer in China, while receiving a license to utilize 24M Technologies Inc. ‘s technology. Lastly, the company also joined hands with OR to provide EV charging stations and signed an MOU with Swap & Go for a feasibility study of developing a G-Cell battery for motorcycles.

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