Stocks in Focus on September 17, 2021: JMART and SYNEX
Stocks in Focus on September 17, 2021: JMART (FSSIA TP at ฿48.00/share) and SYNEX (Kasikorn Securities IAA TP at ฿31.21/share).
Stocks in Focus on September 17, 2021: JMART (FSSIA TP at ฿48.00/share) and SYNEX (Kasikorn Securities IAA TP at ฿31.21/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 17, 2021.
 
FSS International Investment Advisory Securities Co., Ltd. (FSSIA) has given a “BUY” recommendation on Jay Mart Public Company Limited (JMART) with a target price at ฿48.00/share.
FSSIA revised up its target price for JMART from Bt44 to Bt48 to account for 1) the target price increase for JMT (Bt57) and SINGER (Bt51) and 2) the P/E-multiple increase for the rest of JMART’s businesses, including J Mobile, J Ventures, and its coffee shops, to 25x in order to reflect the new synergy potential with the BTS Group.
FSSIA pointed out that the revised target price does not yet include the potential upside on the new logistics and centralised broker businesses. Therefore, FSSIA has a bullish view on JMART, which should have an attractive catalyst next year.
 
Kasikorn Securities (KS) has given a “BUY” recommendation on Synnex (Thailand) Public Company Limited (SYNEX) with a target price at ฿31.21/share.
KS reiterated its positive view of the gadget subsector with SYNEX as its top pick. The securities company believed IT wholesaling and retailing business will post strong sales over the next few years given a hybrid work from home and work at office policies, more varieties and affordable IOT products to penetrate deeper into households and growing demand from corporates’ digital transformation.
 