Stocks in Focus on June 28, 2021: ADVANC and IRPC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 28, 2021.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (ADVANC) with a target price at ฿218.00/share.

CNS expected ADVANC’s normalized profit in 2Q21 to weaken compared to the same period last year and the previous quarter due to the new wave of Covid-19 outbreak and the full-quarter cost recognition of 700MHz spectrum, which was in line with the market’s estimate.

Nevertheless, CNS still had a positive view on ADVANC over positive feedback from 5G customers, coupled with the plan to import low-price 5G smartphones from China to sell in Thailand, which could accelerate ADVANC’s performance in 2H21.

CNS estimated normalized profit in 2021 at 26,213 million baht, representing a decrease of 4% YoY, but expected to grow 6% in 2022, seeing the company with strong competitiveness and financial position.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on IRPC Public Company Limited (IRPC) with a target price at ฿4.50/share.

CNS expected normalized profit in 2Q21 to record at 850 million baht, recovering from a loss in the same period last year due to higher GPM. Meanwhile, market GIM is expected to be around $13.5/bbl, increasing 59% YoY, following the recovery in demand. Overall, 2021 profit was estimated to be 4,365 million baht.