Stocks in Focus on 15 August 2019: BCPG and Food and Beverage Sector

Stocks in Focus on 15 August 2019: BCPG and Food and Beverage Sector

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on August 15, 2019.

KGI Securities recommended “BUY” BCPG Public Company Limited (BCPG) with the consensus target price of ฿19.9/share, setting a support line at ฿18.30 and a resistance line at ฿19.10 – ฿19.50, stop loss at ฿18.00. KGI estimated that BCPG’s share price will slightly decrease from speculation after a second-quarter financial statement had been announced while the fundamental of BCPG has not changed in which Bloomberg consensus has estimated next year profit to grow 17.6% YoY. The low-interest-rate could cause a stock with bond-like cash flow to outperform the market. The valuation is not expensive when compared to the other stocks in the sector. PE in 2019-2020 equals to 18.5x and 16.0x, respectively, along with a 3.6% dividend yield per year.


Finansia Syrus Securities
stated that Food and Beverage sector had made an excellent profit in the second quarter of 2019. A normal profit of every company in Food and Beverage sector has increased 7% QoQ, 63% YoY. Every stock in the sector sees a growth except OSP that decreased 10% QoQ. OSP’s share price has decreased, making a wider upside. Finansia recommended “BUY” with the target price of ฿37.00/share.
The profit of CBG and ICHI was outstanding, increased by 20% and 11%, respectively. Finansia revised the target price of CBG to ฿75.00/share and ICHI to ฿8.30/share but Finasia did not recommend to buy CBG share due to the small upside while stated that ICHI’s profit had already passed the highest point in 2Q2019. In addition, Finansia recommended “BUY” TACC and SAPPE with the target price of ฿6.00/share and ฿25.00/share, respectively.