Stocks in Focus on March 11, 2021: IVL and SPA
Stocks in Focus on March 11, 2021: IVL (Krungsri Securities TP at ฿60.00/share) and SPA (KGI Securities TP at ฿13.60/share).
Stocks in Focus on March 11, 2021: IVL (Krungsri Securities TP at ฿60.00/share) and SPA (KGI Securities TP at ฿13.60/share).
11 มี.ค. 2564

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on March 11, 2021.
 
Krungsri Securities has given a “BUY” recommendation on Indorama Ventures Public Company Limited (IVL) with a target price at ฿60.00/share.
KSS stated that integrated PET spreads have surged 50% from 4Q20 average. IVL should post solid 1Q net profit of Bt5.0bn, up from Bt1.3bn in 4Q20. Seasonality, reopening the economy will drive oil-linked IOD prices and spreads in 2Q. KSS raised FY21-23F profit by 55%/49%/35% and TP to Bt60/sh, implying 21x/19x FY21/22F PE.
 
KGI Securities has given an “Outperform” rating on Siam Wellness Group Public Company Limited (SPA) with an upgrade in the target price to ฿13.60/share.
KGI stated that SPA planned to offer hemp-related products and services from mid-2021F onwards, which the security company viewed as positives as the use of hemp will generate value-added to its core businesses for both spa service and sale of products.
In the short-term, earnings momentum may see a temporary hiccup in 1Q21F as most of its spas were closed in January 2021 due to the local COVID-19 outbreak.
However, the long-term outlook is expected to remain intact backed by the rollout of global vaccinations and the government’s attempts to re-open the country.
 