Stocks in Focus on September 10, 2021: ORI and AEONTS
Stocks in Focus on September 10, 2021: ORI (KGI Securities TP at ฿13.50/share) and AEONTS (Maybank Kim Eng Securities TP at ฿260.00/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 10, 2021.
 
KGI Securities has given an “Outperform” rating on Origin Property Public Company Limited (ORI) with a target price at ฿13.50/share.
KGI stated that it has a positive view on ORI’s fundamental prospects as: i) earnings momentum is expected to achieve 2-year CAGR of 24% supported by solid backlog in high-rise as well as continued expansion in the housing segment, ii) innovative and adaptive strategy should help the company to avoid red seas and maintain superior profitability in the long-run, and iii) expanding to other businesses under “Origin Next Level” could provide additional upside in the longer-term.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Aeon Thana Sinsap (Thailand) Public Company Limited (AEONTS) with a target price at ฿260.00/share.
MBKET said that it likes AEONTS for clear earnings visibility given the high loan-loss reserve to loans of 12.8% and NPL coverage of 225% in 1QFY21. MBKET saw this as a good opportunity to accumulate the stock as it’s trading at an attractive 12.3x FY21E PER and 2.5x P/BV. MBKET expected a rising vaccination rate and lower cases per day to improve card spending in 4Q21.