SABUY Jumps 9% after Moving to Trade in SET Index, Analyst Expects 41% NP Growth in 2021

The share price of Sabuy Technology Public Company Limited (SABUY) rose ฿0.30/share or 9.09% to ฿3.60/share as of 11:22 local time in Thailand with a trading value of 280 million baht. The highest share price up to this point was ฿3.72/share and the lowest was ฿3.40/share on the first trading day after stepping up from mai to SET Index.

 

Land and House Securities (LHS) has given a “BUY” recommendation on SABUY with a target price at ฿4.00/share, seeing it as a growth stock worth focusing, which will come with free warrants at a 10:1 ratio. The company also announced a cooperation with its new partner “True money,” while giving a dividend payment of Bt0.03, representing a 0.9% dividend yield with an ex-dividend date on April 27, 2021.

 

The company projected a 25% increase in revenue this year with a net profit growth over 50%. However, LHS was being conservative on the matter and forecast a 20% growth of revenue this year, while net profit was expected to come in at 144 million baht, a 41% growth.