Stocks in Focus on September 14, 2020: CPF and KTC
Stocks in Focus on September 14, 2020: CPF (Krungsri Securities TP at ฿42.20/share) and KTC (Maybank Kim Eng TP at ฿37.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 14, 2020.
Krungsri Securities (KSS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿42.20/share.
KSS stated that the share price of CPF fell due to the African Swine Fever (ASF) epidemic, rising soybean meal prices, and rumors that CPALL Public Company Limited (CPALL) needs to raise capital for the Tesco Deal.
KSS recommended accumulating CPF because the security company projected 3Q20 earnings would remain strong due to CPF’s high season.
Maybank Kim Eng has given a “BUY” recommendation on Krungthai Card Public Company Limited (KTC) with a target price at ฿37.00/share.
Maybank stated that according to KTC’s CEO, credit card spending turned to flat YoY in Aug-20. Meanwhile, Bad debt recovery and new NPL formation improved in 3Q20. Moreover, KTC has upside risk from entering the auto-title loan segment which should boost profit in the mid-term.