Kaohoon Online has selected stocks with a potential of high growth for investors to consider on March 19, 2020.
Kasikorn Securities (KS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿76.09/share.
KS chose INTUCH as its top picks as the company is a holding ICT firm with limited exposure to the outbreak. Meanwhile, it will benefit from greater data usage. The stock is suitable for a volatile market with an attractive dividend yield of 6%. Valuation is undemanding at a 30% discount to NAV at the current market price Vs its historical average of 15-20%.
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿17.50/share.
KSS states that TU will benefit from weaker THB against USD and EUR as 75% of revenue is derived from exports. TU said it would buy back up to 200m shares (Bt3b budget), and SSO just bought another 0.025% stake in TU, taking its total stake to 5.014%.