Stocks in Focus on November 24, 2021: ITEL and SNNP
Stocks in Focus on November 24, 2021: ITEL (Finansia Syrus Securities TP at ฿6.30/share) and SNNP (Maybank Kim Eng Securities TP at ฿13.50/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 24, 2021.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Interlink Telecom Public Company Limited (SET: ITEL) with a target price at ฿6.30/share.
FSS had a positive outlook toward ITEL’s 4Q21 and 2022 earnings that should grow from the gradual recognition of its backlog at the amount of 4.1 billion baht throughout 2024. The company is also bidding for more projects over 1 billion baht in total while expecting to advance in Data Center business, including a negotiation with Cloud Operator for service.
FSS expected the merger of TRUE and DTAC to be positive to ITEL whale having TRUE as a main client initially. The securities company maintained 2021-2022 earnings estimates to grow 53% and 27%, respectively.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿13.50/share.
MBKET expected 4Q21 net profit to recover QoQ, YoY and become the year’s best, thanks to the reopening and school semester restarts, coupled with factories resuming production as normal. The company plans to launch new products in 2022 to boost sales and profit margin. Plus,sales in Cambodia recovered with a plan to expand production base into Vietnam.