Stocks in Focus on October 15, 2021: TISCO and SAT
Stocks in Focus on October 15, 2021: TISCO (Maybank Kim Eng Securities TP at ฿110.00/share) and SAT (KGI Securities TP at ฿28.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 15, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Tisco Financial Group Public Company Limited (TISCO) with a target price at ฿110.00/share.
MBKET stated that TISCO offered better earnings visibility than peers given its high NPL coverage and profitability. TISCO will leverage its expertise in auto lending and wealth management to grow its businesses in FY22E.
MBKET expected TISCO to maintain a high dividend payout ratio to improve ROE. The tier-1 ratio was 19.7% in 3Q21 vs its comfortable level at 15% so TISCO can offer c.8% dividend yield for FY21-23E.
KGI Securities has given an “Outperform” rating on Somboon Advance Technology Public Company Limited (SAT) with a target price at ฿28.00/share.
KGI Securities expected SAT to report a 3Q21F net profit of 220 million baht (+172% YoY, -7% QoQ). Strong YoY growth should come from low base effect, while the decline QoQ would come from a poorer gross profit margin. Looking ahead, KGI Securities reiterated its positive view as forward orders received from customers in 4Q21F have remained strong and promising.