SONIC Jumps 18% to All-time High, Analyst Recomm. “BUY” at ฿3.5 on a 39% Growth Forecast

The share price of Sonic Interfreight Public Company Limited (SONIC) rose ฿0.48/share or 17.78% to ฿3.18/share as of 16:05 local time in Thailand, with a trading value of 197 million baht.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on SONIC with a target price of ฿3.50/share (PER multiples to 29.0x) based on the assumption of right adjustment of warrant exercise. 

 

2021 is logistics’ sunrise year in line with global economic recovery and shipping container shortage. Therefore, AWS expected SONIC’s earnings this year to grow 39% YoY to 83 million baht thanks to both logistics and leasing businesses.