Stocks in Focus on March 10, 2021: M and TU
Stocks in Focus on March 10, 2021: M (Maybank Kim Eng TP at ฿66.00/share) and TU (Finansia Syrus Securities TP at ฿20.00/share).
Stocks in Focus on March 10, 2021: M (Maybank Kim Eng TP at ฿66.00/share) and TU (Finansia Syrus Securities TP at ฿20.00/share).
10 มี.ค. 2564

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 10, 2021.
 
Maybank Kim Eng has given a “BUY” recommendation on MK Restaurant Group Public Company Limited (M) with a target price at ฿66.00/share.
M’s 2021 earnings are forecast to reach THB2.2b (143%YoY) thanks to 1)%SSSG recover, turning to positive in March, 2) store expansion plan to increase by 28 branches this year (higher), 3) Laem Charoen recover to growth, driving 2021/22 earnings to increase 7%, 4%. Thus, Maybank raised the target price to Bt66.
 
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿20.00/share.
FSS estimated TU’s 1Q21 earnings to outperform over the demand in the canned tuna business amid low tuna prices, while the frozen food business is expected to recover.
However, the earnings in 2021 to drop 3% due to the high base, but still considered a solid performance, while could have another positive catalyst on the hemp-related business. TU traded at 12x on 2021PER with a dividend yield of 4.9%.
 