Stocks in Focus on November 18, 2019: LH and RBF

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on November 18, 2019.

KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on R&B Food Supply Public Company Limited (RBF) with a target price at ฿5.00/share.

KTBST sees RBF as a low-risk stock with stable profit and a high potential for further growth. The share price of RBF is considerably cheap with a 21x PE in 2020, which is lower than the F&B sector at 30x. KTBST asserts that RBF has a unique business with innovation at the international level. RBF runs the business for most top F&B brands in Thailand. The shares are currently being eyed from the market, especially long-term investors.

 

Maybank Kim Eng has made a recommendation on Land and Houses Public Company Limited (LH) with a target price at ฿12.20/share.

Maybank asserts that The Key Praram 3 project launched over the weekend has received well response. The project worth THB2b with an average selling price of THB115,000/sqm. As a result, presales 4Q19 should strongly grow QoQ and YoY, the first growth in many quarters. Moreover, valuation is attractive with high dividend payment, making it good for accumulation.