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.