Stocks in Focus on June 30, 2021: ORI and ZIGA
Stocks in Focus on June 30, 2021: ORI (Asia Wealth Securities TP at ฿9.80/share) and ZIGA (Maybank Kim Eng Securities (Thailand) TP at ฿7.15/share).
Stocks in Focus on June 30, 2021: ORI (Asia Wealth Securities TP at ฿9.80/share) and ZIGA (Maybank Kim Eng Securities (Thailand) TP at ฿7.15/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 30, 2021.
 
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿9.80/share.
AWS had a positive view on 2Q21 sales of up to Bt8.0bn, up 4%QoQ, considered doing well amid the epidemic of COVID-19, which makes us believe that there is a high probability that the company will achieve presales for 2021 as the target and will be the new all time high. While, 2Q21 earnings are expected to grow QoQ on a single digit basis, which is one of the few operators that still grow QoQ.
Also, AWS believed that earnings will continue to grow strongly in 2H21. This was driven by large newly completed project transfers such as Park Origin Phayathai and project transfers that were sold during 1H21.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Ziga Innovation Public Company Limited (ZIGA) with a target price at ฿7.15/share.
MBKET expected a new record quarterly profit since IPO at 44 million baht (44.7% QoQ 54.5% YoY), driven by pre zinc steel products that are a substitute for traditional black steel 2H21 will begin to see the clarity of the franchise pre zine steel outlet and closed system hemp greenhouse.