Stocks in Focus on March 9, 2021: TTA and XO

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 9, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Thoresen Thai Agencies Public Company Limited (TTA) with a target price at ฿11.20/share.

KSS stated that the world dry bulk trade is projected to grow by 5.0% in 2021F along with improving global trade activity. Meanwhile, supply is projected to grow by only 1.4% next year due to fewer newbuild deliveries and a small orderbook. Thus, KSS estimated TTA to turnaround to book Bt928m net profit for FY21F.

 

Finansia Syrus Securities (FSS) has given a “Speculative BUY” recommendation on Exotic Food Public Company Limited (XO) with a target price at ฿14.20/share.

FSS estimated XO to report promising 1Q21 results. Even with fleet shortage, the company still has high purchasing orders, while entering the peak of its seasonality, which is 1H21. FSS expected the net profit in 2021 to decline by 5% due to a high base in 2020, but still considering solid results. The potential upside for XO would be an expansion to the new market and a hemp-infused sauce.