IP Hits an All-Time High at Bt14.90, Analyst Recomm. “BUY” at Bt18 on Strong Megatrends

The share price of Inter Pharma Public Company Limited (IP) rose ฿0.70/share or 4.93% to make an all-time high at ฿14.90/share on Tuesday, January 5, 2021.

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on IP with a target price at ฿18.00/share, stating that healthcare is one of the megatrends that would benefit IP in which the company provides both human and animal healthcare products. IP has a strong customer base in hospitals and clinics, while expecting to advance to modern trade and online marketing. FSS estimated IP to record an increase of net profit in 2020 by 62% and an average of 38% in 2021-2022.