Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on September 16, 2019.
KGI – TVO
KGI Securities has given a “Buy” recommendation on Thai Vegetable Oil Public Company Limited (TVO) in the analysis with a target price of ฿29.00/share while setting a support level at ฿26.50/share and a resistant level at ฿27.50/share and ฿28.50/share (trailing stop at ฿25.50/share).
KGI estimates that there are two positive factors to buoy the price; 1) Future Chicago soybean price rose 5% after the exemption of some import products from China and 2) The baht appreciation will result in a higher gain for importers.
KGI – IRPC
As for IRPC, KGI Securities has given a “Buy” recommendation on Thai Vegetable Oil Public Company Limited (TVO) in the analysis with a target price of ฿5.00/share while setting a support level at ฿4.06/share and a resistant level at ฿4.20/share and ฿4.36/share (trailing stop at ฿4.00/share).
The revenue is expected to recover in 3Q19 from the constant increase of crude oil and GRM (currently $5.7/bbl compared to $2.9/bbl in 2Q19).