Stocks in Focus on November 4, 2021: BH and ORI
Stocks in Focus on November 4, 2021: BH (Maybank Kim Eng Securities TP at ฿160.00/share) and ORI (Finansia Syrus Securities TP at ฿14.00/share)
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 4, 2021.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Bumrungrad Hospital Public Company Limited (BH) with a target price at ฿160.00/share.
MBKET stated that BH reported 3Q21 profit of 295 million baht (+36%QoQ, +33%YoY), which is 22% better than expected, driven by COVID-related revenue. MBKET expected earnings to recover in response to border reopening that will draw foreign patients back, which accounts for more than 70% of BH and drive revenue to accelerate.
 
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿14.00/share.
FSS stated that the profit in 2H21 should accelerate compared to the first half of 2021 and the same period of last year due to the completion of three new projects and the launching of horizontal projects.
ORI currently has condominium ready to transfer at a value more than 10 billion baht and a backlog to recognize in 2H21-2022 around 27 billion baht, boosted by the relaxation of LTV
In the long term, FSS expected ORI to be more than a property company, seeing the recent joint venture with other business industries to create synergy, while boosting recurring income. Moreover, ORI has a catalyst for a spin-off of Britania, allowing shareholders the right to subscribe.
 