Stocks in Focus on April 1, 2020: CRC and TFG
Stocks in Focus on April 1, 2020: CRC (KTB Securities TP at ฿33.00/share) and TFG (KGI Securities TP at ฿4.40/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 1, 2020.
KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (CRC) with a target price of ฿33.00/share.
KTBST states that the share price of CRC dropped lower than its IPO price which was ฿42.00/share. However, CRC is a leading retail store with a wide range of customer bases as well as brand royalty and branches that cover in every region of Thailand and overseas. If the market rebounds after the covid-19 crisis, the share price could edge higher.
KGI Securities (KGI) has given a “BUY” recommendation on Thaifoods Group Public Company Limited (TFG) with a target price of ฿4.40/share.
KGI gave a support level of TFG at ฿3.00/share and a resistance level at ฿3.28-฿3.60/share (stop loss at ฿2.9/share). KGI forecasts that food producers such as TFG could outperform the market during the current crisis. Moreover, the price of material such as corn and soil bean has been decreasing constantly. On the other hand, the selling price of pork and chicken is still high.