Stocks in Focus on October 17, 2019: MAJOR and CK

Stocks in Focus on October 17, 2019: MAJOR (Maybank Kim Eng TP ฿30.00/share) and CK (Krungsri Securities TP ฿31.00/share).

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on October 17, 2019.

Maybank Kim Eng – Major Cineplex Group Public Company Limited (MAJOR) (Target Price ฿30.00/share): Maybank expects 3Q19 normalised profit of THB201m, a jump of 49% YoY, with revenue from ticket sales increases by 15% YoY, benefited from several blockbusters such as Spider-Man: Far from Home (THB298m), Hobbs and Shaw (THB244m) and Lion King (THB113m). Advertising revenue is also forecast to rise by 26% YoY due to customers renew contracts. It also pays a dividend of 5.6% pa. This makes it attractive for accumulating stocks.


Krungsri Securities – CH. Karnchang Public Company Limited (CK) (TRADING BUY/IAA Consensus Target Price ฿31.00/share) – Trading buys opportunity in anticipation of SRT signing contract with CP consortium on Oct 25 for the high-speed train project to link three airports. CK is set to secure the construction work as it is part of the CP consortium. This will ease concerns about a small backlog and the cheap valuation suggests the weak 2Q19 earnings have been priced-in.


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