Stocks in Focus on May 14, 2021: BCH and SCCC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 14, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (BCH) with a target price at ฿20.00/share.

Maybank expected an excellent 1Q21 earnings results from BCH that is likely to hit a new high again at 67 million baht, representing an increase by 13.1% 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.

 

Maybank Kim Eng has given a “BUY” recommendation on Siam City Cement Public Company Limited (SCCC) with a target price at ฿200.00/share.

Maybank stated that both domestic and international markets tend to improve in 2021. The domestic market should be driven by government infrastructure, growth in upcountry markets and renovations. The international market, in Vietnam, more infrastructure investments will be made and construction permits are approved after being suspended for a while.The Cambodian market will grow well. The Sri Lankan market has grown well after the election and the Bangladesh market will recover.

Additionally, earnings should be boosted by performance improvements, cost and expenses reductions. Maybank estimated 2021 sales of 42.42 billion baht, a slight growth of 1% YoY and net profit of 3.871 billion baht, a growth of 5%.