Stocks in Focus on May 14, 2020: JMT and CPF

Stocks in Focus on May 14, 2020: JMT (Maybank Kim Eng TP at ฿21.60/share) and CPF (KGI Securities TP at ฿35.00/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on May 14, 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 stated that JMT posted 1Q20 net profit with a 9% better than Maybank’s forecast, reflecting the debt management business resilience amid a slow economy. 2Q20 earnings outlook is forecast to have a limited impact from Covid-19. It also a chance to buy NPL to fulfill its portfolio and boost earnings in 2H20 to strongly recover.

 

KGI Securities has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿35.00/share.

KGI stated that CPF reported a 1Q20 net profit of Bt6.1bn (+42.8% YoY, +52.4% QoQ), beating KGI’s estimate by 31.4%, largely on the back of higher-than-expected sales revenue and better-than-expected GPM, and consensus by 12.7%.

KGI had a positive view on CPF’s diversified business structure, which should provide agility for the company against weakened global meat demand resulting from the Covid-19 outbreak.