Stocks in Focus on October 21, 2021: JMT and BJC
Stocks in Focus on October 21, 2021: JMT (Maybank Kim Eng Securities TP at ฿58.00/share) and BJC (Maybank Kim Eng Securities TP at ฿42.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 21, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿58.00/share.
MBKET expected 3Q21 net profit of 310 million baht (+7%QoQ , +9%YoY) for JMT, outperforming the financial sector, with a V-shape recovery in September. The increase in fully amortized help support gross profit margin +70bps and 4Q21 profit is expected to hit a new high of 400 million baht. And in 2022, profits will accelerate 37%.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Berli Jucker Public Company Limited (BJC) with a target price at ฿42.00/share.
MBKET forecast 3Q21 earnings to decline QoQ and YoY due to lockdown and rising costs. Earnings, however, are likely to rebound in 4Q21 to hit this year’s peak, on reopening which allows BigC’s SSSG and rental income to recover. Packaging sales also tend to increase after the easing of lockdown.