Stocks in Focus on July 10, 2020: SPALI and SCC

Stocks in Focus on July 10, 2020: SPALI (Kasikorn Securities TP at ฿17.50/share) and SCC (Maybank Kim Eng TP at ฿400/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 10, 2020.

 

Kasikorn Securities (KS) has given a “BUY” recommendation on Supalai Public Company Limited (SPALI) with a target price at ฿17.50/share.

KS stated that SPALI reported a sales revenue in 2Q20 at 6.3 billion baht, decreased 9.6% YoY, but increased 11.1% QoQ. The sales of horizontal property hit a quarter-record high. The sales revenue in 1H20 is 46.4% of SPALI’s annual target, while new projects in the second half of 2020 should boost SPALI’s sales to its target.

 

Maybank Kim Eng has given a “BUY” recommendation on The Siam Cement Public Company Limited (SCC) with a target price at ฿400/share.

Maybank stated that SCC’s 2Q20 earnings were forecast at THB9.25 billion, increased 33% QoQ and 31% YoY. The increase in SCC’s 2Q20 earnings would be driven by higher chemicals spreads and sales volume. Moreover, Maybank saw resilience in building material products and packaging businesses.