Stocks in Focus on March 5, 2021: TOP and ILM
Stocks in Focus on March 5, 2021: TOP (Krungsri Securities TP at ฿64.00/share) and ILM (Country Group Securities TP at ฿18.00/share).
Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 5, 2021.
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Oil Public Company Limited (TOP) with a target price at ฿64.00/share.
KSS expected the crude price spike would lead to a large stock gain in 1Q21. Medium-term catalysts include global vaccination and reopening themes, which would increase demand for refined oil and push up GRM.
Country Group Securities (CGS) has given a “BUY” recommendation on Index Living Mall Public Company Limited (ILM) with a target price at ฿18.00/share.
CGS expected ILM’s online sales to grow triple digit and planned to expand its “Younique” brand to leading leading department stores in the countryside to support its sales around 6% in 2021 and 10% in the next three years.
Moreover, CGS forecast ILM’s performance in 1Q21 to make an all-time high in the last six quarters from higher sales revenue. Currently, ILM is traded at 12x P/E and a dividend yield around 4%, compared to 15x PE or 40% discount from the Asia ex-Japan Consumer Discretionary Sector.