Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 21, 2020.
Trinity Securities has given a “BUY” recommendation on Home Product Center Public Company Limited (HMPRO) with a target price at ฿17.20/share.
Trinity expected HMPRO’s net profit in 3Q20 to grow QoQ, but decline YoY. SSSG would recover from 2Q20 as all HMPRO’s stores returned to businesses. Moreover, 4Q20 is considered as HMPRO’s high season due to 1) upcoming two new branches, 2) HomePro Expo in November, 3) government’s stimulus package, and 4) buying pressure for house reparation after the flood.
Maybank Kim Eng has given a “BUY” recommendation on Wice Logistics Public Company Limited (WICE) with a target price at ฿5.60/share.
Maybank expected WICE’s 3Q20 earnings to make new high again at THB68m (+23%QoQ, +147% YoY) due to the expansion QoQ in all business units, in line with electronics and automotive industries that recovered well in 2H20.