Stocks in Focus on October 18, 2021: UBE and DRT
Stocks in Focus on October 18, 2021: UBE (Krungsri Securities TP at ฿3.00/share) and DRT (Maybank Kim Eng Securities TP at ฿8.80/share).
Stocks in Focus on October 18, 2021: UBE (Krungsri Securities TP at ฿3.00/share) and DRT (Maybank Kim Eng Securities TP at ฿8.80/share).
18 ต.ค. 2564

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 18, 2021.
 
Krungsri Securities (KSS) has given a “BUY” recommendation on Ubon Bio Ethanol Public Company Limited (UBE) with a target price at ฿3.00/share.
KSS expected UBE to report a record high in 3Q earnings at 95 million baht, representing an increase by 39% QoQ and bounced back from a net loss of 4 million baht in 3Q20. The increase would be due to higher sales volume (+18% QoQ), and tapioca starch (+14% QoQ). Moreover, the reopening will boost UBE’s sales volume in 4Q as well.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Diamond Building Product Public Company Limited (DRT) with a target price at ฿8.80/share.
MBKET expected DRT to report a profit of 119 million baht, (+6%YoY, -34% QoQ), due to the seasonal effect. However, the release of the lockdown will improve the outlook for 4Q21. For 2021, sales will grow 6.4%, above the 5% target. Thanks to the share repurchase, earnings per share should increase to 17%. Moreover, this year, DRT will increase dividend per share to THB0.48, implying a yield of 6.5%.