Stocks in Focus on September 27, 2021: KBANK and JMT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 27, 2021.

 

KTB Securities Thailand (KTBST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price at ฿165.00/share.

KTBST believed KBANK to move in the same direction as SCBx as the company initially had an investment in digital technology, but lacked solid strategic plans, which KTBST expected to happen soon.

KTBST estimated the bank to report 3Q21 earnings at 7,000 million baht, representing an increase by 5% YoY and a decrease by 21% QoQ due to the third wave of Covid-19 outbreak and the lockdown, resulting in lower fees income and higher provision. Meanwhile, 2021 earnings were estimated at 32 billion baht, representing an increase by 9%.

KTBST rolled over KBANK’s target price to 2022 at ฿165.00/share, based on PBV22 at 0.80x, reflecting to move to tech company in the future with potential growth.

 

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 profit to outperform the market and will grow stronger than 1H21. Meanwhile, FY22 net profit growth of +67%YoY will offset the 18% Dilution Effect from the capital increase. MBKET added that JMT will maintain average EPS growth (CAGR) of 43% over the next three years.