Stocks in Focus on June 17, 2020: DOHOME and MCS

Stocks in Focus on June 17, 2020: DOHOME (Finansia Syrus Securities TP at ฿13.00/share) and MCS (Maybank Kim Eng TP at ฿14.50/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 17, 2020.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on DOHOME Public Company Limited (DOHOME) with a target price at ฿13.00/share.

FSS expected a buying pressure on DOHOME from institutions after the company will be listed in SET100 in the second half of 2020. Meanwhile, its SSSG (April-May) contracted by 4% but rose 15% and outperformed its peer in June.

FSS expected 2Q20 profit to be close to 1Q20, but DOHOME would have an advantage as its peer would see a decline in profit.

 

Maybank Kim Eng has given a “BUY” recommendation on M.C.S. Steel Public Company Limited (MCS) with a target price at ฿14.50/share.

Maybank expected MCS to report a profit of THB744m (+22%) in 2020, and is likely to continue gaining new projects. More importantly, the current share price of MCS is trading on an undemanding valuation of 7.4x P/E, while offering good dividends at 7.4%.