Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 29, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (CK) with a target price at ฿22.00/share.
MBKET stated that the progress of the auction of the Southern Purple Line, the envelope is expected to be submitted during November-December and signed during 1Q22, raising positive expectations for CK. This is in line with the government’s new round of borrowing of THB1.34 trillion to stimulate the economy. It is another boost in the bidding of government projects.
Krungsri Securities (KSS) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (EPG) with a target price at ฿16.00/share.
KSS stated that the rising oil prices should not affect EPG’s profit as they have already secured raw materials up to year-end. They are raising prices across products in anticipation of higher cost. This will ensure healthy GPM in the next two quarters. EPG’s operations are not affected by the latest flood.