Stocks in Focus on February 24, 2021: COM7 and AP
Stocks in Focus on February 24, 2021: COM7 (Kasikorn Securities TP at ฿53.80/share) and AP (Maybank Kim Eng TP at ฿8.26/share).
Stocks in Focus on February 24, 2021: COM7 (Kasikorn Securities TP at ฿53.80/share) and AP (Maybank Kim Eng TP at ฿8.26/share).
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Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 24, 2021.
 
Kasikorn Securities (KS) has given a “BUY” recommendation on COM7 Public Company Limited (COM7) with a target price at ฿53.80/share.
KS stated that CPM7’s 4Q20 profit was 552 million baht, up 43% YoY and 4 8% QoQ, beating KS’ estimate and the consensus forecast, thanks to higher-than-expected revenue and a decline in SG&amp;A. In 2021, KS expected the mobile phone market to expand 3-5%.
 
Maybank Kim Eng has given a “BUY” recommendation on AP (Thailand) Public Company Limited (AP) with a target price of ฿8.26/share.
Maybank stated that FY20 was an exceptional year for AP with record-high revenue and earnings. FY21E guidance implies AP should be able to retain the No.1 position for presales/new launches. Given its strong pre-sales momentum YTD and compelling guidance, Maybank raised FY21E-22E earnings by around 6%  p.a.
The higher target price of THB8.7 is based on a target 7x FY21E P/E, its 5-year mean. The dividend yield is attractive at over 6% pa consistently.