Stocks in Focus on January 29, 2021: INTUCH and DTAC

Stocks in Focus on January 29, 2021: INTUCH (Krungsri Securities TP at ฿74.00/share) and DTAC (Krungsri Securities TP at ฿64.00/share).

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on January 29, 2021.

 

Krungsri Securities (Thailand) (KSS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿74.00/share.

KSS stated that INTUCH has corrected over the past month, but the security company continued to like INTUCH for offering a high dividend yield of 2.4% for one-month holding period. 4Q20 earnings are expected to fall QoQ due to seasonally-smaller contribution from ADVANC. However, KSS expected earnings to recover in 2021 premised on a brighter outlook for ADVANC.

 

Krungsri Securities (Thailand) (KSS) has given a “BUY” recommendation on Total Access Communication Public Company Limited (DTAC) with a target price at ฿64.00/share.

KSS stated that DTAC’s recent price setback has priced-in network disruption from Phase 2 of co-payment scheme registration. DTAC will release 4Q20/FY20 results today, and announce a 2020 dividend. KSS expected 4Q20 earnings similar to 3Q20, and Bt1.65 DPS for 2020, implying 5% dividend yield.