Stocks in Focus on October 8, 2020: SINGER and HMPRO

Stocks in Focus on October 8, 2020: SINGER (Krungsri Securities TP at ฿17.40/share) and HMPRO (Kasikorn Securities TP at ฿17.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 8, 2020.

 

Krungsri Securities has given a “BUY” recommendation on Singer Thailand Public Company Limited (SINGER) with a target price at ฿17.40/share.

KSS stated that the sales of electrical appliances grew as SINGER has sales teams nationwide. Car title loan business registered strong growth as loan portfolio has more-than-double in size from Bt1.5b at end-2019 to Bt3-4b in 3Q20.

 

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

KS expected HMPRO’s 3Q20 earnings likely to drop YoY but increase QoQ on SSS and GPM improvements. Moreover, the company would benefit from fresh stimulus measures, which will drive consumption by medium- to high-income earners.