Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 7, 2020.
Krungsri Securities has given a “BUY” recommendation on Minor International Public Company Limited (MINT) with a target price at ฿32.00/share.
KSS states that the slowing new Covid-19 cases in the EU and Thailand would lift sentiment towards the stock. MINT generates equal share of revenue from domestic and overseas (mostly EU) operations. Hence, the group would see strong earnings recovery when the pandemic is contained.
Maybank Kim Eng has given a “BUY” recommendation on Osotspa Public Company Limited (OSP) with a target price at ฿50.00/share.
Maybank states that OSP is the market leader in energy drinks with 53.5% market share. It has strong financial status with net cash. Core earnings for this year is forecast to grow 12% thanks to production capacity expansion in beverages by 10-15% while energy drinks plants in Myanmar started operation in 1Q20. Its Fit Fast Firm programme is forecast to help reduce costs by THB500-800m.