Stocks in Focus on March 30, 2021: RT and M
Stocks in Focus on March 30, 2021: RT (KTB Securities TP at ฿3.00/share) and M (Maybank Kim Eng TP at ฿66.00/share).
Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 30, 2021.
KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Right Tunnelling Public Company Limited (RT) with a target price at ฿3.00/share.
KTBST stated that the Bt3.00 target price was based on 2021E PER 13x. The positive factors to support its target price are 1) high value backlog that would secure its revenue until 1H22, while the company continued to acquire more new projects due to its niche business and low competition, and 2) RT’s 2021E PER is only 11x, which is lower than it peers at 16x.
Maybank Kim Eng has given a “BUY” recommendation on MK Restaurant Group Public Company Limited (M) with a target price at ฿66.00/share.
Maybank Kim Eng expected a robust recovery of profit in 2021 at 2.2 billion baht (+143% YoY) mainly due to 1) an increase of SSSG in 1Q, 2) an expansion plan for additional 28 branches this year and 3) the recovery in Laem Charoen Seafood.