Stocks in Focus on September 1, 2021: BANPU and BJC

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

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Banpu Public Company Limited (BANPU) with a target price at ฿13.00/share.

KSS stated that Hurricane Ida has no impact on BANPU’s gas business in the U.S., while the gas price at Spot Henry Hub rose to US$4.4/mmbtu this week. KSS expected EBITDA from shale gas to grow 30% QoQ to US$90m in 3Q with strong volume and coal price will continue to be solid in 4Q.

In addition, KSS estimated 3Q earnings for BANPU at 3.5-4 billion baht, compared to 1.3 billion baht in 2Q.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Berli Jucker Public Company Limited (BJC) with a target price at ฿42.00/share.

MBKET stated that although 3Q21 profits may be affected by COVID-19, the city reopening will support 4Q21 to recover from sales and gross margins of Big C, increasing from the adjustment of the Operations team. This allows better product mix management and gradually increasing private label products and rebranding products for higher profit  margins.