ILM Jumps 5%, Analyst Recomm. “BUY” at ฿18 over Strong Revenue Projection in 1Q21

The share price of Index Living Mall Public Company Limited (ILM) rose ฿0.80/share or 5.33% to ฿15.80/share as of 15:41 local time in Thailand, with a trading value of 143 million baht. 

 

Country Group Securities (CGS) has given a “BUY” recommendation on ILM with a target price of ฿18.00/share in anticipation of triple-digit growth and plan to open its custom made furniture brand Younique store in large regional department stores, which is expected to boost revenue in 2021 by 6% and 10% for the next 3 years. 

As sales from bricks-and-mortar stores started to recover and online sales is still on growth path, CGS estimated 1Q21 result to hit all-time high in 6 quarters.