Stocks in Focus on July 30, 2020: CHG and ITEL

Stocks in Focus on July 30, 2020: CHG (KGI Securities TP at ฿3.10/share) and ITEL (Capital Nomura Securities TP at ฿3.50/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 30, 2020.

 

KGI Securities has given an “Outperform” rating on Chularat Hospital Public Company Limited (CHG) with a target price at ฿3.10/share.

KGI expected CHG to report 2Q20F earnings of Bt128mn (+4.1% YoY, -31.4% QoQ). Its 2Q20F and 1H20F earnings are expected to account for 14.7% and 36.0% of its full-year forecast of Bt872mn.

For 2H20, KGI were positive about the company’s business outlook, supported by i) entering the strongest earnings season in 3Q, ii) pent-up demand from 1H20, iii) benefit from rising fees in social security segment, and iv) no negative impact from high-cost care (HCC) this year.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Interlink Telecom Public Company Limited (ITEL) with a target price of ฿3.50/share.

CNS expected ITEL to report a net profit of 43 million baht (-8 YoY and +7% QoQ) as the cost of data service and SG&A were tended to be lower, following the lower revenue from its data network business, compared to the previous quarter.

CNS revised ITEL’s 2020 profit up to 25%, while expecting a 3% and 2% up in 2021 and 2022, respectively, as ITEL would be benefiting from the “new normal” way of life and the coming of 5G.