Stocks in Focus on March 24, 2021: TU and MTC
Stocks in Focus on March 24, 2021: TU (Maybank Kim Eng TP at ฿16.50/share) and MTC (Finansia Syrus Securities TP at ฿82.00/share).
Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 24, 2021.
Maybank Kim Eng has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿16.50/share.
Maybank stated that the launching of TU’s new products that are plant-based, while focusing on producing more innovative food, will help increase profit margins and reduce volatility from the current business. 1Q21 profit is expected to decline QoQ due to seasonal effects, but up YoY, as sales of ambient seafood continue to grow while frozen foods recover. Baht depreciation vs USD is positive sentiment.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Muangthai Capital Public Company Limited (MTC) with a target price at ฿82.00/share.
FSS had positive outlook on MTC’s financial statement in 2021, expecting loan growth at 20-25%, coupled with the motorcycle loans to push its normalized profit in 2021 to grow 2
%, which would be a new high for the company. In addition, a 18% growth YTD of MTC is still laggard, compared to SAWAD and SAK that rose 27% and 35%, respectively. MTC also has a PE of 23x, lower than the average of 25-30x.