Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 11, 2020.
Krungsri Securities (KSS) has given a “BUY” recommendation on AP (Thailand) Public Company Limited (AP) with a target price at ฿8.50/share.
KSS expected AP to report the strongest 2Q20 results in the property sector with an estimated net profit to surge 71% QoQ and 117% YoY to 1,057 million baht driven by the transfer of more units at Life Ladprao and Life One Wireless.
KGI Securities has given an “Outperform” rating on Sahamitr Pressure Container Public Company Limited (SMPC) with a target price at ฿16.50/share.
KGI stated that the report of a 2Q20 net profit of Bt182mn (+49% YoY, +25% QoQ) from SMPC beat its forecast by 34% and the Bloomberg consensus by 26%. Earnings beat estimates mainly due to a better than expected gross margin. The key theme on earnings recovery is on track.
Thus, KGI revised up 2020F-2022F earnings forecasts by 9% and upgraded the target price from Bt15.00 to Bt16.50 based on PER 14.0x (+1.0 S.D its historical average).