Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 19, 2020.
Capital Nomura Securities (CNS) has given a “BUY” recommendation on Stars Microelectronics (Thailand) Public Company Limited (SMT) with a target price at ฿3.00/share.
CNS expected SMT’s earnings to turn around in 2020 on a return of its base earnings from old and new customers (optics, IC packing and PCBA businesses), coupled with a recovery of gross profit to approximately 20% from the supply chain management. CNS estimated SMT’s 2020-2021 earnings at 53 million baht and 129 million baht, respectively.
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿17.60/share.
KSS stated that TU’s 2Q20 results beat expectations and earnings will continue to grow in 2H20 supported by the high season. Moreover, the reports of Covid-19 being detected in food imported from Ecuador, which accounts for 21% of global frozen shrimp exports, present an opportunity for TU to capture more market share.