Stocks in Focus on December 21, 2020: STGT and TQM

Stocks in Focus on December 21, 2020: STGT (Kasikorn Securities TP at ฿131.50/share) and TQM (Krungsri Securities TP at ฿148.50/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 21, 2020.

 

Kasikorn Securities (KS) has given a “BUY” recommendation on Sri Trang Gloves (Thailand) Public Company Limited (STGT) with a target price at ฿131.50/share.

KS expected STGT’s ASP in 4Q20 to grow at least 50% QoQ, and to continue into the first quarter of 2021 due to the new coronavirus outbreak, and would increase the demand. STGT is the rubber-glove stock that has the lowest valuation with a PER in 2020 and 2021 at 9.1x and 3.8x, compared to its peer at 40.1x and 9.8x.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on TQM Corporation Public Company Limited (TQM) with a target price at ฿148.50/share.

KSS stated that the fresh Covid-outbreak in Thailand could support TQM’s Covid-insurance scheme and lift revenues and earnings in 4Q20 and early 2021.

 

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