Stocks in Focus on November 22, 2021: CBG and TU
Stocks in Focus on November 22, 2021: CBG (Asia Wealth Securities TP at ฿142.00/share) and TU (Maybank Kim Eng Securities TP at ฿24.60/share).
Stocks in Focus on November 22, 2021: CBG (Asia Wealth Securities TP at ฿142.00/share) and TU (Maybank Kim Eng Securities TP at ฿24.60/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 22, 2021.
 
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿142.00/share.
AWS expected 4Q21 earnings to recover QoQ both domestically and internationally, driven by consumption and purchasing power in a country that is recovering. Meanwhile, sales in Myanmar started showing signs of improvement. While aluminum costs remained high which is a factor that pressures profit margins.
AWS revised down our 2021-2022 net profit forecast, reflecting the impact of COVID-19 and rising raw material prices but AWS believed that 3Q64 is the lowest point and will recover in 4Q21, continuing until 2022.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿24.60/share.
MBKET expected TU’s 4Q21 earnings to recover in both QoQ, YoY from the pet food business recovering after the factory has resumed normal production. Red Lobster is expected to lose less YoY as all stores are reopened and the number of customers increases. MBKET stated that TU still has well-managed cost control, which is an additional positive factor.