Stocks in Focus on March 18, 2021: PSH and KBANK

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 18, 2021.

 

KGI Securities has given an “Outperform” rating on Pruksa Holding Public Company Limited (PSH) with a target price at ฿15.50/share.

KGI stated that although PSH’s earnings momentum may see a sluggish recovery in 1H21F, the security company took a positive view on longer-term earnings recovery in 2H21F-2022F backed by: i) resumed investment cycle in 2021F which should be poised to capture the recovering demand for both low-rise and high-rise, and ii) several successful condominiums are queuing to start transfer in 2H21F onwards which will significantly support earnings momentum in 2H21-2022F.

 

Maybank Kim Eng has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price at ฿160.00/share.

Maybank stated that the global and Thai economy are recovering faster than expected. As a result, provision dropped and NIM bottomed out in 2H20. Combining positive short-term factors, the Fed signaled continued easing of monetary policy, supporting capital flows into cyclical stocks, positive for the banking sector.