Stocks in Focus on September 2, 2021: JMT and CRC
Stocks in Focus on September 2, 2021: JMT (Maybank Kim Eng Securities TP at ฿58.00/share) and CRC (Finansia Syrus Securities TP at ฿40.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 2, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿58.00/share.
MBKET expected JMT’s 3Q-4Q21 earnings to be stronger than the market and estimate net profit growth in 2022 at +67% YoY. This will be able to offset 18% dilution from the capital increase and maintain average EPS growth (CAGR) of 43% over the next three years. MBKET rolled forward to a 2022 fair price of THB 58 (PEG 0.75 x).
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (CRC) with a target price at ฿40.00/share.
FSS expected CRC to recover as Thailand gradually relaxed lockdown measures, which would allow shops to reopen. Meanwhile, if the Covid-19 situation in Vietnam eased, it would be a positive sentiment to CRC as well. CRC’s earnings should bottom out in 3Q21 and recover in 4Q moving forward.