Stocks in Focus on November 11, 2021: SINGER and KCE

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 11, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Singer Thailand Public Company Limited (SINGER) with a target price at ฿49.00/share.

MBKET stated that SINGER reported 3Q21 profit of 165 million baht (+41%YoY, -10%QoQ), which was better than expected by 10% from GPM +200bps QoQ to 50%, hitting a new high even in the low season. Combining auto title loans portfolios that grew faster than expected by 10% and well controlled NPL, MBKET expected 4Q21 earnings should continue to grow in both QoQ and YoY.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on KCE Electronics Public Company Limited (KCE) with a target price at ฿101.00/share.

AWS stated that KCE’s 3Q21 net profit increased 142%YoY but dropped 2%QoQ, driven by a weak baht and higher revenues so that we revised up 6% net profit forecast for FY22 to 3,121 million baht and expected revenue in 2022 to grow from increased production capacity and an increase in the selling price. While 4Q21 earnings outlook remains positive due to capacity expansion and reduced COVID-19 costs.