Stocks in Focus on April 29, 2020: KCE and SIRI

Stocks in Focus on April 30, 2020: KCE (Finansia Syrus Securities TP at ฿18.00/share) and SIRI (Krungsri Securities TP at ฿1.04/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 30, 2020.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on KCE Electronics Public Company Limited (KCE) with a target price at ฿18.00/share.

FSS expects KCE’s profit in 1Q20 to be 300 million baht, increasing 19% QoQ and 12% YoY due to low impact from the coronavirus outbreak. However, the order from European customers would decline in 2Q due to factory closure.

The recent report of returning auto manufacturing products in Europe would benefit KCE even though the recovering rate in the auto sector is slower than consumer products.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Sansiri Public Company Limited (SIRI) with a target price at ฿1.04/share.

KSS states that SIRI was a first-mover in the price war to divest inventory units and managed to book solid presales in 1Q20. KSS expects SIRI’s 1Q20 earnings to come in at 424 million baht, rising 5% YoY despite the Covid-19 impact but falling 66% QoQ due to seasonally-weaker transfers. Thus, KSS maintains a BUY rating for SIRI and Bt1.04 TP because of attractive valuation.