Stocks in Focus on September 3, 2021: CPN and SMT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 3, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Central Pattana Public Company Limited (CPN) with a trading value of ฿60.00/share.

MBKET stated that with shopping centers reopening and the COVID-19 situation beginning easing, the number of customer traffic should gradually recover and revenues will recover from 4Q21, which is the high season, onward. Meanwhile, the acquisition of SF is expected to be completed within this year, which will expand CPN’s shopping center portfolio as well as creating more opportunities for long-term growth.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Star Microelectronics (Thailand) Public Company Limited (SMT) with a target price at ฿8.00/share.

FSS stated that the short-term baht depreciation will boost the recovery of electronics stocks after plunging by 10-15% in the past 2-3 weeks in a rebase movement.

As for SMT, FSS expected outstanding 2H21 earnings and will reach a record high in 4Q21 with orders at its max capacity this year. 2021-2022 earnings are estimated to grow 175% and 33%, respectively.