Kaohoon Online has selected stocks with a potential of high growth for investors to consider on May 7, 2020.
Trinity Securities has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿23.00/share.
Trinity expects JMT to report a new high in 1Q20 profit at 208 million baht, increasing 44% YoY and 5% QoQ, as the company receives limited effect from the outbreak of coronavirus along with a good expense management. The 2020 profit is expected at 850 million baht, increasing 25% YoY as the company tends to have a strong growth in 2Q20. JMT is the most outstanding shares in AMC.
Kasikorn Securities (KS) has given a “BUY” recommendation on Chayo Group Public Company Limited (CHAYO) with a target price at ฿8.40/share.
KS expects CHAYO to report a net profit of 34 million baht in 1Q20, increasing 24.9% YoY and 74.9% QoQ mainly from the TFRS9 adjustment. Even though KS revised down CHAYO 2020 profit by 12% due to the effect from the coronavirus outbreak, which led to a lower cash collection, KS still expects CHAYO’s business operation to return to normal by year end.