BJC Jumps 5% as Analyst Expects Gradual Recover in 2021, Giving “BUY” Rating at Bt44
BJC Jumps 5% as Analyst Expects Gradual Recover in 2021, Giving “BUY” Rating with a Target Price at Bt44.00/Share.
BJC Jumps 5% as Analyst Expects Gradual Recover in 2021, Giving “BUY” Rating with a Target Price at Bt44.00/Share.
24 ก.พ. 2564

The share price of Berli Jucker Public Company Limited (BJC) rose ฿1.75/share or 5.30% to ฿34.75/share as of 11:24 local time in Thailand with a trading value of 479 million baht.
 
Maybank Kim Eng has given a “BUY” recommendation on BJC with a target price at ฿44.00/share, expecting profit to gradually recover, driven by increased sales in all business groups.
Maybank expected the profit to gradually recover and may return to growth YoY from 1Q21 onwards. Packaging sales should continue to recover driven by the orders increased from instant coffee customers who switched to aluminum cans and new size cans for beer. While BigC’s SSSG in Jan-Feb saw less negative to about 17%. BJC has also benefited from a decrease in employee expenses of THB220m/quarter on the back of the reorganisation in 2020.
BJC announced a 2H20 dividend of THB0.60 / share (XD 29 Apr), representing a half-year yield of 1.8%. Maybank expected earnings this year to recover from last year’s low base, driven by increased sales in all business groups, coupled with improving margins. In addition, rental income has recovered from BigC’s reduction in rental discounts.