Stocks in Focus on June 10, 2021: AMATA and LEO
Stocks in Focus on June 10, 2021: AMATA (Krungsri Securities TP at ฿19.40/share) and LEO (Trinity Security TP at ฿11.00/share).
Stocks in Focus on June 10, 2021: AMATA (Krungsri Securities TP at ฿19.40/share) and LEO (Trinity Security TP at ฿11.00/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 10, 2021.
 
Krungsri Securities (KSS) has given a “BUY” recommendation on Amata Corporation Public Company Limited (AMATA) with a target price at ฿19.40/share.
KSS stated that AMATA is optimistic about operations in Thailand and will maintain a 950 rai land sales target for this year. Including Vietnam, it is 1,380 rai. They have sold more than 379 rai, 27% of their target and 46% of KSS’ forecast, implying they will meet the earnings growth forecasts for FY21F (+41%) and FY22F (+56%). KSS also estimated 3% earnings upside from the water tariff hike and two new SPP lifting valuation by Bt2.00/share.
 
Trinity Securities has given a “BUY” recommendation on Leo Global Logistics Public Company Limited (LEO) with target price at ฿11.00/share.
Trinity Securities stated that the target price at Bt11.00 was based on PER 30x, while PEG 2021 is still at a lower side at 0.3x and the recommended price has yet to include an upside from the partnership with China Post at a value around 3 baht per share.
The analyst added that even though the upside is limited, there is a possibility of an upgrade of 2021 earnings due to a constant increase in Container Index.