Stocks in Focus on October 4, 2019: GPSC, JMT and WORK

Stocks in Focus on October 4, 2019: GPSC (KSS TP ฿78.00/share), JMT (KSS TP ฿24.00/share) and WORK (Maybank TP ฿21.70/share).

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on October 4, 2019.

 

KSS – GPSC

Krungsri Securities (KSS) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿78.00/share, stating that there is a rising interest in dividend plays and stocks with secure recurring income, especially power stocks. GPSC is an attractive proposition given inexpensive valuation and strong earnings growth after consolidating GLOW in 4Q19.

 

KSS – JMT

Krungsri Securities (KSS) has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with an IAA Consensus target price at ฿24.00/share, stating that its profit will continue to hit a new high in the coming quarters driven by growing debt collection income along with a larger portfolio. Valued at Bt140b currently, the portfolio will generate cash flow for at least 12 years.

 

Maybank – WORK

Maybank Kim Eng has recommended a “T-Buy” on Workpoint Entertainment Public Company Limited (WORK) with a target price at ฿21.70/share, expecting that 3Q19 earnings to recover QoQ from the benefit of positive results from program reshuffling in June-August.

The average ratings moved to 0.7 (+0.07 vs QoQ) but still slow YoY from a high base. Maybank cuts earnings forecast for FY2020-2013 to reflect the slow recovery of the industry and high competition, while new programs in Aug receive a poorer response than expected. This makes it more difficult to raise the ad rate in the rest of the year. In Maybank’s view, the program reshuffling expected next year should be a positive catalyst.