FSS Expects NER’s 2Q21 Earnings to Make Record High on Surging Sales Volume

Finansia Syrus Securities (FSS) estimated North East Rubber Public Company Limited (NER)’s 2Q21 earnings at 400 million baht, representing an increase by 9% QoQ and 78% YoY, which would make a new high from its consecutive growing sales volume as the purchasing orders are currently full until 4Q21.

 

FSS expected 2021 earnings to grow around 100%, while seeing that the valuation is still very cheap with a PE at 7x and offering a dividend yield of 5.5%, giving a “BUY” recommendation with a target price at ฿9.00/share.