Stocks in Focus on August 16, 2021: CPF and LH
Stocks in Focus on August 16, 2021: CPF (Asia Wealth Securities TP at ฿43.00/share) and LH (Maybank Kim Eng Securities TP at ฿9.32/share). 
Stocks in Focus on August 16, 2021: CPF (Asia Wealth Securities TP at ฿43.00/share) and LH (Maybank Kim Eng Securities TP at ฿9.32/share). 
16 ส.ค. 2564

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 16, 2021.
 
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿43.00/share.
AWS stated that there was a case of COVID-19 infection from a frozen seafood factory employee in Rayong province through an aggressive examination with an ATK test kit. However, from the initial inquiry with the company, therefore, AWS estimated that the impact on total income is quite limited while CPF also has 2 factories that still have production capacity to support production to compensate for the Rayong factory that had to be closed for 7 days to clean the whole factory and the recruitment of COVID-19-free workers and voluntarily joined the Zeal project to resume production on 23 August.
However, the situation still needs to be closely monitored. Short-term negative sentiment on the share price, which falling stock prices are an opportunity to accumulate.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Land and Houses Public Company Limited (LH) with a target price at ฿9.32/share.
MBKET stated that 1H21 pre sales/revenue/earnings were healthy, up 13.5%/27%/32% YoY. The securities company expected its short-term performance to weaken amid a slowdown in property activities. But with massive new launches worth THB9.9b in 4Q21, MBKET expected to see a recovery in 4Q21.
For next year, MBKET estimated double-digit earnings growth due to the completion of THB2b of condominiums already sold out since 2019 as well as the scheduled re-opening of the economy.
An annual dividend yield of 7-8% is one of the highest among listed developers. MBKET rolled forward its valuation to FY22E with a higher SOTP-based TP of THB9.32 per share.