Stocks in Focus on June 4, 2021: CPN and CRC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 4, 2021.

 

Kasikorn Securities (KSS) has given a “BUY” recommendation on Central Pattana Public Company Limited (CPN) with a target price at ฿60.00/share.

KSS expected CPN’s performance to recover in 2H21 after the Covid-19 vaccine rollout across the country and the reopening for vaccinated tourists on July 1, 2021, would result in higher confidence and more traffic in the department stores.

CPN is expecting to open two new stores with one in late 3Q21 and another one in early 4Q21, while expecting to invest in two more projects in 2022-2023.

 

Maybank Kim Eng has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (CRC) with a target price at ฿40.00/share.

Maybank expected CRC’s SSSG in 2Q21 to accelerate from a low base, supporting recovery of core profits, coupled with business in Italy that tends to resume growing. As for cost and expense control, it continues to perform well. In the near term, it is expected to gain positive momentum from accelerated vaccination including the government’s stimulus measures.