Stocks in Focus on March 25, 2021: PLANB and CKP

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 25, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Plan B Media Public Company Limited (PLANB) with a target price of ฿9.75/share.

Maybank stated that PLANB’s 2021 earnings are forecast to jump +228% YoY to THB462m, the fastest recovery among peers. This is due to 1) top 5 major customer groups sharply recover, 2) significant revenue in July 2021 from sport media management for the 2020 Olympics and Thai Premiere League, 3) will receive full year revenue from 7-Eleven in-store media management from the first 1,000 stores.

 

KGI Securities has given an “Outperform” rating on CK Power Public Company Limited (CKP) with a target price at ฿6.80/share.

KGI stated that it was not concerned about the country’s current reserve margin of 40% with the incoming Luang Prabang power plant (expected COD in 2029-2030) as the rollout of vaccinations globally would help the tourism industry return to full operation in 2023. Meanwhile, battery electric vehicles (BEVs) would be the key factor to drive up the country’s demand.

KGI also expected to see a better operation in 2021 thanks to La Nina weather conditions. KGI believed capacity factor of the company’s hydropower projects would normalize in 2022 and provide average earnings growth of 182% in 2021-2022.