Stocks in Focus on December 9, 2021: ADVANC and SCB
Stocks in Focus on December 9, 2021: ADVANC (Maybank Securities TP at ฿235.00/share) and SCB (KGI Securities TP at ฿163.00/share).
Stocks in Focus on December 9, 2021: ADVANC (Maybank Securities TP at ฿235.00/share) and SCB (KGI Securities TP at ฿163.00/share).
9 ธ.ค. 2564

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 9, 2021.
 
Maybank Securities (Thailand) (MBKET) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿235.00/share.
MBKET stated that the competition in the industry will decrease, resulting in an increase in ARPU. Its leadership in the 5G business will help increase revenue with additional upside from reopening to support higher foreign income. Currently, the financial position is strong. MBKET expected a dividend payout rate of around 3.3%.
 
KGI Securities has given an “Outperform” rating on The Siam Commercial Bank Public Company Limited (SET: SCB) with a target price at ฿163.00/share.
KGI Securities stated that the bank operations and valuations have passed the recovery cycle and moved on to reflect potential growth, with valuation creation depending on the growth outlook of future banking. At this level, KGI Securities believed SCB is outstanding compared to peers in terms of transforming from conventional banking into a technology/digital platform bank and forming partnerships to accelerate growth.
To value SCB, KGI Securities took into account the new business developments and digital banking in value creation and arrived at a blended ROE of 12% and PBV of 1.2x. The fair value of SCB was raised from THB132 to THB163 per share.