Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 30, 2020.
Krungsri Securities has given a “BUY” recommendation on Singer Thailand Public Company Limited (SINGER) with a target price at ฿17.70/share.
KSS stated that SINGER’s earnings should continue to expand in 3Q20 supported by all business units, including strong sales of electrical appliances (despite temporary closure of shopping malls) and limited impact of BoT interest rate regulation on the HP lending unit.
KGI Securities has given an “Outperform” rating on Supalai Public Company Limited (SPALI) with a target price at ฿21.40/share.
KGI expected SPALIs 3Q20F earnings to see a strong rebound of 157% QoQ to Bt1.1bn, backed by strong residential transfers, and improving gross profit margin. Low-rise transfers are expected to continue to see growth momentum, while high-rise transfers are expected to see a sharp rise, propelled by the start of transfers for two new condominiums i) Supalai Park Talat Phlu Station and ii) Supalai Loft Yaek Fai Chai Station.
In addition, the outlook remained promising coupled with a potential one-time gain (Bt1.5bn) from the establishment of Supalai Real Estate Investment Trust (SPALIRT) to be booked in 1H21F.