Stocks in Focus on November 15, 2021: AMATA and GULF
Stocks in Focus on November 15, 2021: AMATA (Asia Wealth Securities TP at ฿23.30/share) and ORI (KGI Securities TP at ฿13.50/share).
Stocks in Focus on November 15, 2021: AMATA (Asia Wealth Securities TP at ฿23.30/share) and ORI (KGI Securities TP at ฿13.50/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 15, 2021.
 
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Amata Corporation Public Company Limited (AMATA) with a target price at ฿23.30/share.
AWS stated that AMATA reported 3Q21 profit of Bt229mn, a decrease YoY and QoQ from decrease in land transfers and JVs shares. 3Q64 Presales were at 128 rai, recovered QoQ and were expected to continue in 4Q21, which was supported by the opening of the country. Expect 4Q21 earnings to recover, driven by a backlog waiting to be transferred, after allowing investors to come in and do transactions.
AWS added that AMATA is another company which has benefited from opening the country. It is expected that there will still be a Pent Up Demand from customers who want to move and expand their production base.
 
KGI Securities has given an “Outperform” rating on Origin Property Public Company Limited (ORI) with a target price at ฿13.50/share.
KGI Securities stated that ORI reported a 3Q21 normalized profit of Bt603mn (16% YoY, flat QoQ), below its forecast by 13% due to lower than expected residential gross margin. Overall, ORI’s earnings performance outperformed local peers backed by solid residential transfers.
Looking ahead, KGi Securities expected earnings to gain strong momentum in 4Q21 backed by more active launches of lowrise and additional new condominiums ready to be transferred.