Stocks in Focus on January 4, 2021: IVL and TOA


Kaohoon Online has selected stocks with a potentially high growth for investors to consider on January 4, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Indorama Ventures Public Company Limited (IVL) with a target price at ฿45.00/share.

KSS stated that IVL is a global play that is only mildly affected by the domestic Covid-19 outbreak. Meanwhile, IVL’s earnings were expected to recover strongly this year along with China’s and the global economic revival as that would boost petrochemical demand.

 

Maybank Kim Eng has given a “BUY” recommendation on TOA Paint (Thailand) Public Company Limited (TOA) with a target price at ฿45.00/share.

Maybank stated that TOA is the leading paint and coating products producer in Thailand with a 48.7% market share. The security company expected an average earnings growth of 8% CAGR in 2022-23. More importantly, TOA has a strong financial position, with high cash on hand and short-term investment of 6.365 billion baht.

 

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