Stocks in Focus on July 14, 2021: TIDLOR and SAT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 14, 2021.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Ngern Tid Lor Public Company Limited (TIDLOR) with a target price at ฿53.00/share.

CNS stated that TIDLOR is the leading company in the car-title loan business, while also diversifying its revenue through an insurance business that is performing well. The businesses have good potential growth, coupled with solid funds from shareholders and ratings.

TIDLOR’s 2021 earnings are estimated at 3.3 billion baht, representing a 39% growth YoY, due to interest and non-interest income, while being able to manage its NPL at a level close to its peers. CNS estimated 2Q21 earnings at 820 million baht, representing an increase by 192% YoY and 5% QoQ.

In addition, CNS stated that the share price edged lower, seeing an opportunity for speculative buy as P/BV is 4.2x, which is lower than its peers.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Somboon Advance Technology Public Company Limited (SAT) with a target price at ฿30.00/share.

CNS had a positive view on the recovery of auto industries, especially exports, as the country revised up the auto production target to 1.6-1.7 million units in 2021, which would lead to a revenue and earnings growth for SAT from mixed product, utilization rate and cost reduction program.

CNS estimated 2Q21 earnings at 215 million baht, representing an increase when compared to a net loss in the same period last year, but decreased 33% QoQ due to being in a low season. Meanwhile, 2021 earnings are forecast at 995 million baht, representing a 168% increase.

In addition, CNS pointed out that SAT is being traded on PER21 at 9x, while offering a 6-7% dividend yield.