Stocks in Focus on October 9, 2019: ADVANC and CHG
Stocks in Focus on October 9, 2019: ADVANC (Krungsri Securities TP ฿260.00/share) and CHG (Maybank Kim Eng TP ฿2.80/share).
Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on October 9, 2019.
KSS – ADVANC
Krungsri Securities (KSS) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (ADVANC) with a target price at ฿260.00/share, seeing that the business is shielded from the trade war.
Meanwhile, ADVANC is expected to register earnings growth in 3Q19, bucking the trend in other big caps in the Bank and Energy sectors. KSS projects 3Q19 net profit will come in at Bt8.5b, up 10% QoQ and 25% YoY .
Maybank – CHG
Maybank Kim Eng has stated that it expect Chularat Hospital Public Company Limited (CHG) has bottom out in 2Q19 and will accelerate in 2H19 thanks to higher revenue from cash customers and Social Security Office members.
That includes its two new hospitals (CHG304 and Ruampat Chachoengsao hospital) post declining losses and is expected to turnaround to profit in the next year. This should boost the group’s earnings to significantly grow. Thus, Maybank gives a target price of CHG at ฿2.80/share.