Stocks in Focus on January 24, 2020: TTW and KCE

Stocks in Focus on January 24, 2020: TTW (Country Group Securities TP at ฿16.80/share) and KCE (Kingsford Securities TP at ฿16.70/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 24, 2020.

 

Country Group Securities (CGS) has given a “BUY” recommendation on TTW Public Company Limited (TTW) with a target price at ฿16.80/share.

CGS expects TTW’s 4Q19 net profit to be 824 million baht, increased 22% YoY and 13% QoQ from an increase in revenue at 1.6 billion baht, increased 8% YoY and 6% QoQ due to higher sale in tap water, expecting to increase 2% YoY to 81 million baht. Moreover, the company would book its profit-sharing from the COD of the Xayaburi Hydroelectric Power Project since October 29.

 

Kingsford Securities has given a “Speculative Buy” recommendation on KCE Electronics Public Company Limited (KCE) with a target price at ฿16.70/share.

Kingsford expects the performance of the electronics sector will be lower QoQ and YoY for 4Q19 due to baht appreciation but still believes the sector will recover in 2020, supported by the US-China trade optimism.

The Ministry of Commerce also reported that Thai exports of electrical parts grew for the first time in 16 months. The market expects KCE’s 2020 net profit to expand 25% to 1.13 billion baht.