Stocks in Focus on July 14, 2020: ANAN and SMPC

Stocks in Focus on July 14, 2020: ANAN (Asia Wealth Securities TP at ฿1.90/share) and SMPC (KGI Securities TP at ฿15.00/share).

Kaohoon Online has selected stocks with the high-growth potential for investors to consider on July 14, 2020.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Ananda Development Public Company Limited (ANAN) with a target price at ฿1.90/share.

AWS expected ANAN’s earnings in 2H20 to outstanding, supported by the completion of the projects, including stock venting which expected to improve after the trend of the COVID-19 situation began to resolve coupled with the projects that the company has developed, there are prominent points of the project development near the train station which still has demand from consumers.

 

KGI Securities has given an “Outperform” rating on Sahamitr Pressure Container Public Company Limited (SMPC) with a target price at ฿15.00/share.

KGI rated SMPC Outperform with an end-2021 target price of Bt15.00 based on PER 14.0x (+1.0 S.D its historical average) or equal to PEG 1.0x (based on 2021F EPS growth). Earnings recovery in 2020 from a low base coupled with gradual growth in its sales volume with its good positioning as a Top 10 global cylinders manufacturer are key investment themes. A consistent dividend with 60% payout ratio policy, implying a dividend yield of 5.6% from the last closing price, would be a cushion for the share price.