On Thursday at 3:37 PM (Bangkok time), the share price of Hana Microelectronics Public Company Limited (SET: HANA) soared by 4.76% or THB 1.75 to THB 38.50, with a trading value of THB 337.48 million.
Yuanta Securities (Thailand) anticipates HANA to report a normal profit of THB 1.9 billion in 2024, an increase of 10% compared to the same period last year, and THB 2.1 billion in 2025, an increase of 7% compared to the same period last year.
The analyst maintains a ‘Trading’ recommendation and sets an appropriate price of THB 40.50 per share for HANA. While the stock may lack allure in the near future, it could present a more compelling opportunity in the long term due to the FT1 project.
Yuanta Securities (Thailand) recommends patience for a potential decline in HANA’s share price, while advising monitoring of the company’s third-quarter 2024 earnings performance before considering stock accumulation.
