Stocks in Focus on November 6, 2020: CBG and TACC

Stocks in Focus on November 6, 2020: CBG (Krungsri Securities TP at ฿145.00/share) and TACC (KGI Securities TP at ฿8.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 6, 2020.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿145.00/share.

KSS estimated CBG’s 3Q20F net profit at Bt910m, an increase of 4% QoQ and 24% YoY. Earnings should reach a new high in Q20 as the government’s Buy Half/Pay Half measure will boost sales and lift GPM (lower production cost).

 

KGI Securities has given a “BUY” recommendation on T.A.C. Consumer Public Company Limited (TACC) with a target price at ฿8.00/share.

TACC reported a 3Q20 net profit of Bt47mn (+13.0% YoY, -2.2% QoQ), accounting for 25% of KGI’s full-year estimate. Its 9M20 earnings accounted for 72% of the full-year estimate of Bt189mn.

All-in, KGI believed the 3Q20 performance was within our and market expectations. The security company maintained its earnings projections with net profits of Bt189mn (+16.8% YoY) in 2020F and Bt222mn (+17.2% YoY) in 2021.