Kaohoon Online has selected stocks with a potential of high growth for investors to consider on March 12, 2020.
Kasikorn Securities (KS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿76.09/share.
KS states that INTUCH will see a limited impact from the coronavirus outbreak. Businesses will benefit from greater data usage for news consumption. Thus, KS views INTUCH as a suitable stock for a volatile market environment with 5.96% dividend yield. The stock price is undemanding at a 30% discount to NAV at the market price versus its historical average of 15-20%.
Krungsri Securities (KSS) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿68.00/share.
KSS states that GPSC’s share price fell 8% yesterday, suggesting investors have priced-in the electricity tariff cuts. There is now a large upside to KSS’ target price and earnings should surge with the consolidation of GLOW. KSS expects FY20F net profit to jump 59% YoY to Bt6.44b.