Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 26, 2020.
Kasikorn Securities has given a “BUY” recommendation on Somboon Advance Technology Public Company Limited (SAT) with a target price at ฿16.00/share.
KS expected SAT to post a 3Q20 net profit of Bt100mn vs. a net loss of Bt143m in 2Q20 on a higher utilization rate, while the 4Q20 earnings outlook remains robust. KS upgraded its 2020/21 earnings forecasts by 12%/8% after factoring in a higher auto production rate in 2020-21 by 20%/6% to 1.3/1.5mn units due to an improving outlook in 2H20-2021.
Maybank Kim Eng has given a “BUY” recommendation on Supalai Public Company Limited (SPALI) with a target price at ฿19.18/share.
Maybank upgraded its rating on SPALI to BUY given better than expected performance mainly from strong 9M20 landed property pre-sales growth of 20% and smooth transfer of 3 newly completed condos which also helps to drive 2H earnings. Meanwhile, the potential gains from the sale of assets is a plus to the company.