Stocks in Focus on September 9, 2020: VGI and COM7

Stocks in Focus on September 9, 2020: VGI (KGI Securities TP at ฿8.30/share) and COM7 (Krungsri Securities TP at ฿49.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 9, 2020.

 

KGI Securities has given an “Outperform” rating on VGI Public Company Limited (VGI) with a target price at ฿8.30/share.

KGI rated the counter Outperform on VGI due to i) expected turnaround in profit in 2021/22 with growth of 383% YoY driven by resumed growth in transit revenue and digital service business coupled with expected greater share of profit from affiliated and joint-venture companies, ii) target price offering 16% from current market price, and iii) upside from greater capacity and revenue in the transit segment along with BTS’s extension line and new lines (Gold, Pink and Yellow), which are almost completed, and opportunity to have a new driver from BTS’s plan to bid on the MRT Orange Line (West).

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Com7 Public Company Limited (COM7) with a target price at ฿49.00/share.

KSS stated that Apple plans to launch new products on September 15, 2020, and COM7 will be a prime beneficiary due to its widest distribution network in Thailand.