Stocks in Focus on August 31, 2020: BGRIM and BDMS

Stocks in Focus on August 31, 2020: BGRIM (Maybank Kim Eng TP at ฿56.00/share) and BDMS (Krungsri Securities TP at ฿23.50/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 31, 2020.

 

Maybank Kim Eng has given a “T-BUY” recommendation on B.Grimm Power Public Company Limited (BGRIM) with a target price at ฿56.00/share.

Maybank stated that BGRIM’s 2H20 earnings outlook tends to accelerate following pent-up demand after the lockdown eased and lower gas costs. The midterm growth momentum continues thanks to COD of new power plants and additional bidding projects. It also benefits from a strong baht and low-interest rate in the near term.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Bangkok Dusit Medical Services Public Company Limited (BDMS) with a target price at ฿23.50/share.

KSS stated that the government has relaxed restrictions for medical tourists from 138 countries (instead of 3 previously) to receive medical treatments in Thailand (AHQ program requires state quarantine for 14 days).