Stocks in Focus on April 3, 2020: JMT and INTUCH

Stocks in Focus on April 3, 2020: JMT (Maybank Kim Eng TP at ฿21.60/share) and INTUCH (Krungsri Securities TP at ฿79.00/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 3, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿21.60/share.

Maybank sees an attractive upside in JMT after the share price has dropped -33% YTD to Forward P/E at around 14x, while this year’s net profit growth is expected at 28% YoY, equivalent to PEG 0.5x. Thus, JMT is expected to be the share that offers attractive upside again.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿79.00/share.

KSS states that INTUCH is the prime beneficiary of work-from-home policy and curfew (increasing data demand). INTUCH is trading at 35% discount to NAV (comprising the value of its stakes in ADVANC and THCOM) vs average discount of 20-25%. We project Bt3 DPS for FY20F, implying 6.1% dividend yield vs ADVANC’s 3.8%.