Stocks in Focus on December 21, 2021: JMT and BRI

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 21, 2021.

 

The share price of JMT Network Services Public Company Limited (SET: JMT) and other securities in its group namely Jay Mart Public Company Limited (SET: JMART) and Singer Thailand Public Company Limited (SET: SINGER) have been mostly on a rise as of late in anticipation that the deal between JMT and Kasikornbank Public Company Limited (SET: KBANK) in establishing an asset management company will be complete soon.

KGI Securities has given an “Outperform” rating on JMT with an upgraded target price at ฿77.00/share.

KGI Securities stated that it revised up earnings forecasts for JMT over the next three years by 3%/4%/16% and raise 2022 target price to Bt77.00, from Bt58.00, by re-rating PE to 50x (PEG1x) to reflect a higher earnings growth forecast and higher potential growth for new business from the JV with a bank to grow asset-light model in managing distressed assets. Moreover, KGI Securities also upgraded the counter to Outperform from Neutral.

 

Britannia Public Company Limited (SET: BRI) kicked off its first trading day in the Thai stock market under the Property Developer Sector today. The company is a flagship of the SET-listed Origin Property Public Company Limited (SET: ORI) for horizontal residential property. The IPO was offered at THB 10.50 per share.

Trinity Securities has given a “BUY” recommendation on BRI with a target price at ฿12.80/share.

Trinity Securities stated that the THB12.80 was based on P/E 10x, which is the average of the property sector and from EPS 2022F at THB1.28 per share. The focus for BRI is its Take Up Rate of the new projects that keep launching consistently, resulting in an average of 113.18% growth in the transfer between 2021-2023. Meanwhile, its 5-year CAGR 2018-2023 is 77.26%, without relying much on the discount to boost its sales.