Stocks in Focus on June 9, 2020: STEC and PLANB

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 9, 2020.

 

KGI Securities has given a “BUY” recommendation on Sino-Thai Engineering and Construction Public Company Limited (STEC) with a target price at ฿21.40/share.

KGI gave a support level of STEC at ฿16.30 and a resistance level at ฿17.00-฿17.80 with a trailing stop at ฿15.60. The security company expected STEC to receive positive sentiment from the signing of U-Tapao Airport project (1st phase estimated at 20 billion baht) and the motorway project (5 billion baht). Meanwhile, the company currently holds 73 billion baht of backlog. Thus, expecting the revenue in 2H20 to be better, coupled with the construction of GULF’s power plant.

 

Finansia Syrus Securities (FSS) has given a “Speculative-Buy” recommendation on Plan B Media Public Company Limited (PLANB) with a target price at ฿7.00/share.

FSS expected the reopening economy to support PLANB’s business, mainly from the OOH ads such as the billboards, digital screens and ads on public transportation, which would be the first target for customers to eye on, especially smaller business operators.

FSS expected PLANB 1Q20 profit (to be reported on June 9th) to record a decline of 55% YoY and a decline of 35% QoQ. Meanwhile, the profit for 2020 expected to decline 37%, but would recover 90% by next year.