Stocks in Focus on September 24, 2020: TKN and HMPRO

Stocks in Focus on September 24, 2020: TKN and HMPRO

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 24, 2020.

Country Group Securities (CGS) expected Taokaenoi Food & Marketing Public Company Limited (TKN) to bottom out after hitting its low in 2Q20, and the business would recover along with the easing of the coronavirus outbreak. 

CGS expected the markets to turn their eyes on TKN’s business in China as the company appointed Orion to be its distributor, which has over 30 years experience in the field.   

Kasikorn Securities (KS) has given a “BUY” recommendation on Home Product Center Public Company Limited (HMPRO) with a target price at ฿17.00/share.

KS stated that HMPRO’s earnings are recovering, while a share price dip should reflect the impact of COVID-19 (-9.4% YTD vs. SETCOMM -8.4%), expecting earnings to reach a new high in 4Q20.