Stocks in Focus on October 1, 2020: NER and SVI
Stocks in Focus on October 1, 2020: NER (Country Group Securities TP at ฿4.40/share) and SVI (Kasikorn Securities TP at ฿4.20/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 1, 2020.
Country Group Securities (CGS) has given a “BUY” recommendation on North East Rubber Public Company Limited (NER) with a target price of ฿4.40/share.
CGS expected an outstanding growth in NER’s 3Q20 revenue, compared to the same period last year due to higher sales volume and continuing throughout 4Q20 as the SICOM rubber price edged higher. CGS expected NER to report an increase in net profit around 32% in 2020 and 20% in 2021.
Kasikorn Securities (KS) has given a “BUY” recommendation on SVI Public Company Limited (SVI) with a target price at ฿4.20/share.
KS expected SVI’s 3Q20 normalized profit to come in at Bt169mn (+60.7% YoY, +4.0% QoQ) on robust sales and stable gross profit margin. Solid earnings growth expected at 27.5% CAGR during 2020-22 but the stock is trading at a relatively lower valuation compared with peers.