Stocks in Focus on June 18, 2020: CPF and CRC

Stocks in Focus on June 18, 2020: CPF (Krungsri Securities TP at ฿36.25/share) and CRC (Country Group Securities TP at ฿45.00/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 18, 2020.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿36.25/share.

KSS stated that CPF would receive positive sentiment from the temporary closure of JBS and BRF factories due to the court’s order after employees at the factories were tested positive for the coronavirus at an increasing rate. Both companies are the leading global meat producers and poultry exporters, and the biggest in Brazil. Brazil contributes 33% of global total poultry exports.

 

Country Group Securities (CGS) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (CRC) with a target price at ฿45.00/share.

CGS expected CRC expected 2Q20 revenue to see the bottom and starting to see a recovery from 3Q20, supported by the lockdown easing and the anticipation of more stimulus plans from the government and CRC would be the most to benefit from its various lineup of retail products. Moreover, the company would also benefit from the easing outbreak in Italy as 8% of CRC revenue is contributed by businesses in Italy.

 

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