Stocks in Focus on October 22, 2020: TU and AP
Stocks in Focus on October 22, 2020: TU (Krungsri Securities TP at ฿17.60/share) and AP (DBS Vickers TP at ฿8.10/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 22, 2020.
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿17.60/share.
KSS estimated 3Q20 net profit for TU at 1.79 billion baht, an increase of 4% from the previous quarter and an increase of 30% from the same period last year. KSS expected earnings to continue to grow to continue as a second round of lockdown in the EU would drive up demand for canned tuna.
DBS Vickers Securities (DBSVS) has maintained the “BUY” recommendation on AP Public Company Limited (AP) with an upgraded target price from ฿7.80/share to ฿8.10/share.
DBSVS expected AP’s 3Q20 profit to reach a new high at 1.4 billion baht, an increase of 133% YoY and 26% QoQ, due to the high transfer for the quarter at 9 billion baht, increased 54% YoY and 16% QoQ. Moreover, the gross profit margin rose to 31.2%, coupled with a strong financial status as well as high backlog to diversify the risk.