SABINA Jumps 9% to ฿29.50, Analyst Rec. “BUY” at a TP as High as ฿36, CAGR to Grow 15%!
The share price of SABINA jumped 9% to close the day at ฿29.50 while analyst recommended “BUY” at a target price as high as ฿36.00!
Sabina Public Company Limited (SABINA) closed the trading day on July 24, 2019, at ฿29.50/share, jumped ฿2.50/share or 9.26%. The highest share price of the day was ฿29.50/share and the lowest was ฿26.75/share with a trading value or THB 764 million.
Maybank Kim Eng maintains its recommendation to “BUY” SABINA at a target price of ฿36.00/share. The compound annual growth rate (CAGR) is estimated at 15% over the next three years. Its product winners are Wireless Shape and Seamless Fit.
Maybank estimates 3-year CAGR of 46% for NSR sales which will help reducing storefront operating expenses and day inventory outstanding and also shorten the cash cycle. The GRM (%) is likely to increase to 52-53% while Maybank expects 1H19 dividend of THB0.54/share (XD in August), a half year yield of 2.1%.