TVO Jumps 6.6% as the Analyst Expects Strong Recovery in 4Q and Recommends BUY at ฿37.25
TVO Jumps 6.6% at the Open as the Analyst Expects Strong Recovery in 4Q, Recomm BUY at ฿37.25/share.
The share price of Thai Vegetable Oil Public Company Limited (TVO) increased ฿2.00/share or 6.61% to ฿32.25/share with a trading value of 81.34 million baht as of 10:05 local time in Thailand on Friday.
Kasikorn Securities (KS) has given a “BUY” recommendation on TVO with a target price at ฿37.25/share in anticipation of a strong recovery in 4Q20 earnings, buoyed by the increase in sales of soybean meal and soybean oil, while its gross profit margin also edged higher, coupled with the baht appreciation.