Stocks in Focus on June 7, 2021: ORI and MCS
Stocks in Focus on June 7, 2021: ORI (Kasikorn Securities TP at ฿10.50/share) and MCS (Maybank Kim Eng TP at ฿18.50/share).
Stocks in Focus on June 7, 2021: ORI (Kasikorn Securities TP at ฿10.50/share) and MCS (Maybank Kim Eng TP at ฿18.50/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 7, 2021.
 
Kasikorn Securities (KS) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿10.50/share.
KS stated that the partnership with Bitkub will allow the purchase of condominium through cryptocurrency, showing resilience and potential long-term growth in ORI and opening a new payment channel for the company.
In addition, KS expected positive feedback from ORI’s new projects and joint ventures to reflect on ORI’s share price moving forward.
 
Maybank Kim Eng has given a “BUY” recommendation on M.C.S. Steel Public Company Limited (MCS) with a target price at ฿18.50/share.
Maybank stated that MCS has won 3 new projects, totalling 51,600 tonnes, driving the backlog to reach 100,000 tonnes. It will also announce the 2-3 new future projects that are in negotiations. MCS’s current backlog will be recognised until 2023. The 2021 earnings outlook will stand out with the expected profit of 1.031 billion baht, (+8% YoY). The stock is trading with a low P/E and a good dividend.
 