Stocks in Focus on November 26, 2019: RBF and TMB
Stocks in Focus on November 26, 2019: RBF (Maybank Kim Eng TP for speculation ฿4.80-5.30/share) and TMB (Krungsri Securities ฿1.86/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on November 26, 2019.
Maybank Kim Eng has given a “T-BUY” recommendation on R&B Food Supply Public Company Limited (RBF) with a price range for speculation of ฿4.80-5.30/share.
Maybank states that RBF runs its business with a steady growth rate of 6-8% pa. Its strengths include its unique formulas for food flavoring and coloring products as well as substances used in fragrances. This makes it difficult for customers to change their mind to other suppliers. The net profit is forecast to continue growing at a level of 12-14%. It also expands investment in overseas (Vietnam and Indonesia) which should help drive its growth further. Maybank recommends trading buy in a price range of THB4.80-5.30/share.
Krungsri Securities (KSS) has given a “BUY” recommendation on TMB Bank Public Company Limited (TMB) with an IAA consensus target price at ฿1.86/share.
KSS has recommended an accumulation to capture synergies created from a merger with TBANK. TMB’s strength lies in its low-rate deposit base while TBANK’s strength is high returns from its hire purchase portfolio. TMB’s NIM should improve post-merger.