Stocks in Focus on September 22, 2020: SIS and GLOBAL

Stocks in Focus on September 22, 2020: SIS and GLOBAL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 22, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on SIS Distribution (Thailand) Public Company Limited (SIS) with a target price at ฿15.80/share.

 

Maybank assessed that SIS’s earnings outlook tends to grow at a two digit rate driven by tapping into a consumer market that is bigger and has higher potential than corporate customers. Plus, it has partnered with Xiaomi which should boost the company to enter the growth stage within the next few years. Moreover, it has attractive valuation as it is currently traded on PE lower than 10x.

KGI Securities has given an “Outperform” rating on Siam Global House Public Company Limited (GLOBAL) with a target price at ฿22.50/share.

 

KGI stated that GLOBAL’s SSSG is expected to contract in 3Q20, earnings are estimated to show positive growth both YoY and QoQ on the back of store and margin expansion. Positive earnings momentum remains intact.