Stocks in Focus on May 20, 2021: JMART and AUCT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 20, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Jay Mart Public Company Limited (JMART) with a target price at ฿44.50/share.

Maybank expected JMART to record 2021 profit of 1,217 billion baht, representing an increase of 50 YoY), supported by i)i JMT maintains a cash collection level from old new debt It will accelerate cost cutting ahead of the 2H21 leap ii) SINGER enters a high season of sales and C4C credit portfolio that grows every quarter iii) KBJ portfolio growth.

 

Trinity Securities has given a “BUY” recommendation on Union Auction Public Company Limited (AUCT) with a target price at ฿13.00/share.

Trinity Securities expected AUCT’s 2021 performance to recover and record profit for 2011 at 289 million baht, a 27% increase from the previous year, with management giving the vision that 2021 will still focus on cost control in terms of vehicle sales. The number of vehicles in the auction is expected to improve by 10% from the previous year, in line with the previous estimate. Although some of the debtors are still in relief measures after the expiration of the initial measure by BOT, it is expected that the overall situation of the car auction will improve from 2020 when almost all banks have waived from debt collection and collateral seizure.