Stocks in Focus on October 4, 2021: NER and WHAUP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 4, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on North East Rubber Public Company Limited (NER) with a target price at ฿9.00/share.

MBKET stated that NER’s 3Q21 normalised earnings will remain brilliant, rising by 159.6% YoY, making a new record for 4 quarters in a row. The chances of re-rating with a higher P/E ratio are becoming more and more likely after the company saw progress in the project to increase the proportion of downstream products in total sales as it has started gradually installing machines, aiming to produce and sell in 1Q22.

 

KGI Securities has given an “Outperform” rating on Wha Utilities and Power Public Company Limited (WHAUP) with a target price at ฿5.40/share.

KGI Securities stated that the company has initiated the arbitration process in Vietnam for Aqua One to acquire all shares in SDWTP from WHAUP (SG) 2DR in pursuant to the Share Purchase Agreement. SDWTP will receive VND1,886.27 billion or approximately 2,471.01 million baht as well as carrying costs. Meanwhile, WHAUP has a choice to choose 1) maintaining shareholding in SDWTP, 2) exercising the right by selling shares to Aqua One or 3) selling shares to other investors and Aqua One to compensate for the difference in prices.