Stocks in Focus on December 6, 2019: IVL and TU

Stocks in Focus on December 6, 2019: IVL (Krungsri Securities TP at ฿45.00/share) and TU (Krungsri Securities TP at ฿18.10/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 6, 2019.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Indorama Ventures Public Company Limited (IVL) with a target price at ฿45.00/share.

KSS states that the easing of trade war fears should lift investment sentiment towards global plays, especially IVL which share price slipped 4% on Wednesday. The acquisition of Huntsman will support earnings from 1Q20 (Huntsman will lift IVL’s EBITDA by 20% in 2020).

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿18.10/share.

KSS states that the recent share price correction suggests negative factors have been priced-in. Also, a weaker baht against the USD and EUR will lift revenue in baht. Meanwhile, tuna price is stable at US$900/ton, which would support TU’s GPM.

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