Stocks in Focus on June 4, 2020: BTS and INSET
Stocks in Focus on June 4, 2020: BTS (KGI Securities TP at ฿13.50/share) and INSET (Asia Plus Securities TP at ฿4.18/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 4, 2020.
KGI Securities has given an “Outperform” rating on BTS Group Holdings Public Company Limited (BTS) with a target price at ฿13.50/share.
KGI stated that BTS reported 4Q20 (January-March 2020) earnings of Bt3.53bn (+462.9% YoY, +43.6% QoQ). Excluding extra gain of Bt3.22bn from the sale of Bayswater, and others, BTS’s 4Q20 normalized profit was Bt306mn (-73.6% YoY, -77.2% QoQ).
KGI still expected BTS’s earnings outlook to be severely affected by the COVID-19 outbreak in 1Q21. Thus, KGI maintained its core-earnings forecasts as KGI already included the negative impact.
Asia Plus Securities (ASP) has given a “BUY” recommendation on Infraset Public Company Limited (INSET) with a target price at ฿4.18/share.
ASP expected INSET’s 2020 profit to grow 22% from the bidding of ICT projects as the government and private sectors started to recover from the pandemic outbreak. Meanwhile, INSET’s PER was lower than 10x with an upside to its current share price along with a high dividend yield, compared to the same businesses in the sector.