KAMART Rises 3-Day in a Row for 10%, Analyst Expects a 2Q19 Profit to Increase by 33.6%

The highest of Karmarts Public Company Limited (KAMART)’s share price was at THB5.90 and the lowest was THB5.60 with a trading value of THB22 million. The share price of KAMART has continued to increase for 3 days since the price was at THB5.25 on 4 July 2019 for a total of 10.48%.

Nomura Securities set the target price of KAMART share at THB6.60 and expects a profit in 2Q19 to increase 33.6% YoY. A sales growth of KAMART increased by 10% YoY and 8% QoQ due to an increase of selling in lipsticks, eyebrows products as well as an online market which helps to support business in the long run period. Nomura expects a total of KAMART’s 2019 profit is THB297.7 million, increasing by 16.5% YoY.
The valuation based on PER19 of 16.5x lower than the average of 24x while EPS growth increased by 16.5% more than the group 5%.

Meanwhile, KAMART’s share price has recovered after decreasing in the opposite direction of a strong fundamental. Therefore, this is a good time for investing and taking a profit due to a growth in profit and high dividend yield.