Stocks in Focus on September 28, 2020: CBG and AUCT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 28, 2020.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿145.00/share.

KSS stated that the Yangon lockdown impact has been priced-in. Myanmar contributes about 10% of the group’s revenues. Earnings will continue to grow driven by stronger sales revenue, relatively positive response to new products (WOODY C+Lock), and lower costs due to in-house production of glass bottles. KSS detected signs of continuous net buying on TFEX.

 

Maybank Kim Eng has given a “BUY” recommendation on Union Auction Public Company Limited (AUCT) with a target price at ฿16.70/share.

Maybank stated that AUCT’s net profit for 2020-21 is forecast to steadily grow at an average +31% YoY on the back of more seized vehicles entering the auction yard after the debt relief measures have gradually been exhausted, combined with an increase of +13% per vehicle fee since August 2020, boosting profitability rates.