Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 27, 2020.
Country Group Securities (CGS) has given a “BUY” recommendation on VGI Public Company Limited (VGI) with a target price at ฿8.30/share.
CGS believed the negativity has bottomed out after the report of 123 million baht of net loss in 1Q20. The security company expected a fast recovery in profit from the growing digital service business and the growth of subsidiaries such as Kerry.
Maybank Kim Eng has given a “BUY” recommendation on M.C.S. Steel Public Company Limited (MCS) with a target price of ฿16.30/share.
Maybank expected a strong outlook for 2H20 will continue to improve further until 2021 due to the average good price of structural steel delivery of JPY280,000/tonne. Structural steel works are under negotiation and a high probability of gaining another 6 projects of 90,000 tonnes. It is currently trading on a cheap valuation of 6.9x P/E, with 1H20 dividend of 0.40/share, XD today.