Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 31, 2020. KGI has given an “Outperform” rating on Plan B Media Public Company Limited (PLANB) with a target price at ฿11.40/share. KGI states that there has been a claim made against the management of the Football Association of Thailand that refers to the contract signed with PLANB, but there is no conclusion at this time. Moreover, the revenue contribution from sports marketing is still minimal to KGI’s revenue forecast for 2020 while core business and new projects are on track. Therefore, KGI maintains its 2019-2020 earnings forecasts for PLANB at Bt719mn (+12% YoY) and Bt1,057mn (+47% YoY), respectively, and rates the counter Outperform with a 2020 target price of Bt11.40 (PER 41.3x). DBS Vickers Securities has given a “BUY” recommendation on Central Pattana Public Company Limited (CPN) with a target price at ฿74.00/share. DBSV states the CPN plans to achieve CAGR at 12% between 2019-2024, but its growth would accelerate near the latest stage of its 5-year plan as CPN’s new projects are expected to commercialize around 2023-2024. CPN’s 5-year plan consists of 15 department stores in Thailand, 2 department stores overseas, 10 hotels, over 30 residential areas, and 2 offices. The short-term boost in net profit would be a speculation of an extraordinary item from selling assets in 2Q20 for 4-5 billion baht.