Stocks in Focus on June 9, 2021: NYT and TPIPP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 9, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on Namyong Terminal Public Company Limited (NYT) with a target price at ฿5.30/share.

Maybank expected NYT’s 2Q21 earnings to grow both QoQ and YoY, driven by higher YoY auto exports from last year’s very low base Combining with good expense management while also receiving positive psychology from BMA’s fire truck case, as the Court of Appeal yesterday ruled that the BMA to pay compensation to NYT.

 

Maybank Kim Eng has given a “BUY” recommendation on Tri Polene Power Public Company Limited (TPIPP) with a target price at ฿5.00/share.

Maybank stated that TPIPP won bids for 2 waste-to-energy power plants: Songkhla (8MW) and Nakhon Ratchasima (9.9MW) while TG7 power plant (40MW) is submitting electricity sales to EGAT. These will increase EBITDA by THB1.2b, compensate for the TG3 (18MW) and TG5 (55MW) power plants whose adder will gradually expire in 2022.

Moreover, NYT is preparing to bid for 9 VSPP power plants, totalling 100MW to increase production capacity from 440MW to 580MW in 2025. SEZ projects see progress as BOI grants maximum tax privileges.

Lastly, the share trades at a low P/E of 8x and good dividend yield of 6.2%. Reiterate BUY, with a DCF-based TP of THB5 (WACC = 8.4%).