Stocks in Focus on November 23, 2020: BEM and CHG

Stocks in Focus on November 23, 2020: BEM (Asia Wealth Securities TP at ฿12.50/share) and CHG (KGI Securities TP at ฿3.05/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 23, 2020.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Bangkok Expressway and Metro Public Company Limited (BEM) with a target price at ฿12.50/share.

AWS stated that BEM will have fare hikes for MRT Blue Line from 1 January 2021. New fares start at Bt17.00 and maximum at Bt42.00 (originally starting at Bt16.00 and maximum at Bt42.00) under the terms of the MRT Blue Line concession agreement between the MRTA and BEM, the fare will be adjusted every 2 years (according to the consumer price index).

 

KGI Securities has given an “Outperform” rating on Chularat Hospital Public Company Limited (CHG) with a target price of ฿3.05/share.

Following CHGs 3Q20 earnings conference, KGI stated that it has bullish view on the company’s earnings outlook for 4Q20F, supported by i) continued YoY growth from social security revenue, ii) more revenue recognition YoY from high-cost-care (compared to less-than-expected revenue from insufficient budget from SSO in 4Q19), iii) recovering cash-patient segment from the bottom in 2Q20, and iv) continued improvement in new hospitals.

คำค้น