Stocks in Focus on January 28, 2020: JWD and LH

Stocks in Focus on January 28, 2020: JWD (Kasikorn Securities TP at ฿10.00/share) and LH (Krungsri Securities TP at ฿11.50/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 28, 2020.

 

Kasikorn Securities (KS) has given a “BUY” recommendation on JWD Infologistics Public Company Limited (JWD) with a target price at ฿10.00/share.

KS states that by looking at the overall performance of JWD, the company’s net profit would be supported the investment of new projects as the only operator in Laem Chabang Port, which would give JWD an upside to its net profit, estimated by KS around 3-4% or 10-16 million baht per annum. KS has a positive view on JWD and expects all new projects would offset the effect from TFRS 16.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Land and Houses Public Company Limited (LH) with a target price at ฿11.50/share.

KSS states that the share price of LH has fallen over 5% in the past week due to the selloff after a disappointment on LTV measurement for the second housing loan. Meanwhile, the spreading of coronavirus has caused fewer Chinese tourists to arrive Thailand, which led to fewer customers in LH’s department store (Terminal).

In this regard, KSS sees a short-term negative sentiment to LH and advise to invest in the stock as LH is a high-yield dividend stock with an expectation of ฿0.40/share for a dividend payment for the 2H19 operation.

 

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