Stocks in Focus on October 25, 2021: ORI and SABINA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 25, 2021.

 

KTBST Securities (KTBST) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿13.00/share.

KTBST expected ORI’s normalized profit to grow 12% in 2021, which is above the 6% growth forecast for the sector. Meanwhile, KTBST saw a huge upside in 2022 from the backlog that is expected to realize around 90%, along with its recurring income from logistics (JV with JWD), healthcare, AMC, energy (JV with GUNKUL) and insurance broker.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Sabina Public Company Limited (SABINA) with a target price at ฿23.30/share.

CNS stated that SABINA has strong points in its branding and marketing channels, even though 3Q21 earnings (-39% YoY) would be impacted by Covid-19, the decline is in line with its sector. Still, the outlook was better than the lockdown in 2Q21.

Meanwhile, 4Q21 earnings will recover from the reopening. Traffic in department stores and sales will return to 70-80% of the normal level, along with its efficient cost-management program.

CNS expected profit in 2022 to grow 37%, seeing the current valuation of PER22 19.5x as an entry position, while being a laggard stock of reopening theme.