Stocks in Focus on December 16, 2021: KCE, GULF and GUNKUL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 16, 2021.

 

Stocks in Focus on December 15, 2021: EA (FSSIA TP at ฿112.00/share) and NEX (FSSIA TP at ฿25.00/share).

 

Mr. Koraphat Vorachet, Capital Nomura Securities’ strategist, through “Kaohoon Jor Talad Program” on December 16, 2021, stated that the tech-related power generation stocks are on the focus and recommended KCE Electronics Public Company Limited (SET: KCE), Gunkul Engineering Public Company Limited (SET: GUNKUL) and Gulf Energy Development Public Company Limited (SET: GULF).

 

Mr. Vorachet estimated KCE’s support level at Bt90 with a resistance level at Bt92-94 and a fair value of Bt97 per share. Meanwhile, GULF should benefit from the positive sentiment after the announcement of the Supreme Court yesterday, along with growing businesses, giving a fair value at Bt44 and a support level at Bt40.25 a piece.

As for GUNKUL, Mr. Vorachet gave a support level at Bt4.90-4.80 and a resistance level at Bt5-5.10 per share.

 

Based on estimated data from Refinitiv, the consensus expected KCE’s net profit to grow more than double in 2021 at 2,375 million baht.

GULF’s net profit to grow nearly 90% in 2021 to 8,048 million baht and advance to 12 billion baht and 14 billion baht in 2022 and 2023, respectively.

Meanwhile, GUNKUL’s net profit should expand 23% in 2022 after recording a 27% lower this year.