Stocks in Focus on May 10, 2021: CHAYO and WICE

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 10, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Chayo Group Public Company Limited (CHAYO) with a target price at ฿17.00/share.

Maybank stated that CHAYO’s 1Q21 earnings results (report on 12 May 2021 are forecast at 55 million baht, increased 53% QoQ and 49% YoY), thanks to strong growth of debt collection and debt purchasing, coupled with its plan to establish a CHAYO JV. This should help boost its growth in the next couple of years (average growth of 57 in the next couple of years). This makes CHAYO more attractive for investment.

 

Maybank Kim Eng has given a “BUY” recommendation on Wice Logistics Public Company Limited (WICE) with a target price at ฿7.60/share.

Maybank expected WICE’s 1Q21 earnings results to hit a new high again at 67 million baht, representing an increase by 131% QoQ and 122% YoY. This is because the global economic recovery contributes to its subsidiaries in Singapore, Thailand, China and Hong Kong, which are the exports base to consumers worldwide, are able to fully operate.