Stocks in Focus on December 3, 2021: AMATA and SUN

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 3, 2021.

 

Krungsri Securities has given a “BUY” recommendation on Amata Corporation Public Company Limited (SET: AMATA) with a target price at ฿23.50/share.

KSS stated that AMATA’s land sales in Vietnam reached 397 rai in 9M21, beating its 317 rai forecast for the full-year. AMATA’s guidance for FY22 land sales also beat the current forecast. FSS added that transfers would slip in FY22 and FY23 but the impact would be mitigated by an estimated 580 million baht profit from RBF units. The 10% share price correction in the past two weeks is an opportunity to BUY.

 

KGI Securities has given an “Outperform” rating on Sunsweet Public Company Limited (SET: SUN) with a target price at ฿8.40/share.

KGI Securities stated that SUN’s strategy is gearing toward high margin products and the company is increasing production capacity for ready-to-eat products and engaging in cultivation of other agricultural products.

KGI Securities believed this strategy will increase its domestic sales, improve margin and strengthen brand recognition. Together with a new electricity cost savings project and favorable baht environment, the securities company expected SUN to show impressive earnings growth of 54% in 2022F to a record high 288 million baht and grow a further 17% YoY to 336 million baht in 2023F, implying 34% CAGR during 2022-2023F.

In addition, KGI Securities initiated coverage on SUN with a rating of Outperform and 2022 target price of Bt8.40, based on PER 18.8x (long-term average PER).