Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 16, 2020.
Krungsri Securities (KS) has given a “BUY” recommendation on Origin Property Public Company Limited (ORI) with a target price at ฿10.80/share.
KS expects ORI’s 2019 revenue to be 29.2 billion baht, increasing 6.0% YoY and 4.3% QoQ which is higher than the market has anticipated. Moreover, KS sees a strong feedback from the already commercialized projects last year such as “The Origin,” which is the main driver in ORI’s revenue.
Asia Wealth Securities (AWS) has given a recommendation on Tipco Asphalt Public Company Limited (TASCO) with a target price at ฿26.00/share.
AWS expects sales volume in the 4Q19 to be better than expected. As a result, the whole year sales volume may reach 2.0-2.1 million tonnes which is more than AWS has expected at 1.9 million tonnes as the amount of crude oil procured in 2019 is 10-15% higher than in 2018.
Even domestic sales volume has slowed down in the 4Q19 due to the delay in the disbursement of the 2020 budget expenditure for 4 months; however, it is expected, after January, to be able to disburse and accelerate spending as well as speed up the construction.
AWS also expects that there will not be a low season in 2020 for TASCO. Domestic sales in 2020 is expected to accelerate to 500,000 tonnes per year or representing an average of approximately 16-20% of the company’s total sales