Stocks in Focus on December 27, 2021: ADVANC and SCB

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 27, 2021.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿252.00/share.

CNS expected ADVANC to record 7,000 million baht of profit in 4Q21, representing an increase by 1% YoY and 5% QoQ while the profit of 2021 is estimated at 26.2 billion baht, presenting a decline by 4% and expected ADVANC’s profit to grow 6% in 2022.

CNS stated that ADVANC has high competitiveness with strong financial status. In the mid term, CNS saw lower competition in the market after hitting its peak recently. The company has a new S-Curve from 5G, Fibre, enterprise and digital service. The partnership with GULF and SCB will improve its business opportunities.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on The Siam Commercial Bank Public Company Limited (SET: SCB) with a target price at ฿150.00/share.

CNS estimated the company to report 8.55 billion baht for 4Q21, representing an increase by 72% due to an expansion of its loan portfolio and lower provisions. However, the profit is expected to decrease 3% QoQ due to an increase of OPEX on seasonality. Overall, CNS maintained a net profit forecast for 2022 at 38 billion baht.

In addition, CNS expected the restructuring for the holding company under SCBX to crystalize in 2H22.