Kaohoon Online has selected stocks with a potential of high growth for investors to consider on May 27, 2020.
Maybank Kim Eng has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿40.20/share.
Maybank expected strong 2Q20 earnings and growing YoY as the current swine prices in Vietnam are more than 60% higher than that of in 2Q19. Plus, prices of swine and broiler in Thailand begin to recover after the lockdown easing, leading domestic consumption to gradually recover in the near future.
KGI Securities has given an “Outperform” rating on Hana Microelectronics Public Company Limited (HANA) with a target price at ฿36.00/share.
KGI stated that despite HANA having a cautious view, KGI believed the market had mostly priced in weak earnings from the global lockdown. KGI’s view on technological adoption of 5G, led by China, remains unchanged. US-China trade tension could be short-term noise but should be at a manageable level. Strong balance sheet and consistent dividend payment would be a cushion.