Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 21, 2020.
Maybank Kim Eng has given a “BUY” recommendation on Siam Makro Public Company Limited (MAKRO) with a target price at ฿45.00/share.
Maybank expected MAKRO’s 2H20 earnings outlook to remain strong. SSSG in July managed to expand for 3 consecutive months, plus ongoing store expansion and strong financial status. Maybank stated that these results will boost MAKRO attractiveness for investment.
Kasikorn Securities (KS) has given a “BUY” recommendation on Synnex (Thailand) Public Company Limited (SYNEX) with a target price at ฿15.50/share.
KS stated that SYNEX’s management targeted a GPM of 5% in 2023 vs. KS’ forecasts of 4.1-4.3% in 2020-23. KS upgraded its 2020/21/22 core earnings forecasts to reflect 1) higher sales from new brands; 2) a higher GPM; and 3) lower interest expense.