Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 11, 2021.
KGI Securities has given a “BUY” recommendation on Major Cineplex Group Public Company Limited (MAJOR) with a target price of ฿28.25/share.
KGI stated that even though MAJOR is expected to continue recording a net loss in 2Q21 from the resurgence of Covid-19. Nevertheless, KGI expected MAJOR’s performance to have a strong rebound in 3Q21 onward as the Covid-19 situation should relax by then, coupled with more blockbuster movies lined up to the theater in 3Q21 moving forward.
KGI reiterated MAJOR’s earnings in 2021 at 345 million baht and 2022 at 1,000 million baht, while revised PER up to 23.6x, reflecting an increase in target price from Bt25.25 to bt28.25 per share.
Maybank Kim Eng has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿20.00/share.
Maybank estimated TU’s 2Q21 results to continue on a positive side on a recovery of frozen seafoods in the U.S. from the gradual reopening. Meanwhile, the cost for tuna remained low and the animal feed continued to post good sales. Lastly, the Red Lobster also showed signs of a recovery from a business restructure and reopening.