Stocks in Focus on February 25, 2021: RS and SAT
Stocks in Focus on February 25, 2021: RS (KGI Securities TP at ฿28.80/share) and SAT (Maybank Kim Eng TP at ฿20.00/share).
Stocks in Focus on February 25, 2021: RS (KGI Securities TP at ฿28.80/share) and SAT (Maybank Kim Eng TP at ฿20.00/share).
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Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 25, 2021.
 
KGI Securities has given an “Outperform” rating on RS Group Public Company Limited (RS) with a target price at ฿28.80/share.
KGI stated that a 4Q20 net profit of Bt103mn (-22% QoQ, +56% YoY) was 24% below our forecast and 19% below the market consensus. However, KGI maintained its earnings forecasts at Bt839mn in 2021 and Bt1.2bn in 2022 backed by the brighter outlook from the commerce segment and share of profit from debt collection business and asset management business, which is expected to flow in from 1Q21 onward.
 
Maybank Kim Eng has given a “BUY” recommendation on Somboon Advance Technology Public Company Limited (SAT) with an upgraded target price at ฿20.00/share.
Maybank has revised STA’s target price to Bt20.00 after an outstanding 4Q20 earnings at 242 million baht (+200% QoQ, +15% YoY), which is better than pre-Covid level as the automotive industries saw good recovery. Maybank expected automobile production in 2021 to expand 19%. Meanwhile, the share price is traded at 9.3x on PE21 with a dividend yield of 7.0%.
 