Analysts Advise Picking Up Small-Mid Cap Stocks, Seeing Potential Upsides amid Covid-19

The analyst advised to pick up mid-cap and small-cap stocks such as STGT (TP:฿116) due to the delay of the coronavirus vaccine, JMT (TP:฿35) due to its strong performance, RBF (TP:฿11) due to its continuous growth potential and COM7 (TP:฿45) over the higher sales. Estimated listed companies’ profit in 2020 to drop by 33% to 604,121 million baht, but will increase by 34% to 809,581 million baht in 2021. 

 

KTB (Thailand) Securities (KTBST) stated that the SET index will remain below 1,300 points for a while as it still has negative factors from domestic and abroad. Analysts advised to pick up mid-cap and small-cap stocks, while avoiding stocks in the SET50 due to a fluctuating market. KTBST expected the SET to move between 1,250 – 1,280 points. 

 

KTBST has recommended stocks that would be benefited from Covid-19 outbreak including STGT (TP:฿116), MEGA (TP:฿44), JMT, ASIAN, RBF, SAPPE, COM7 (TP:฿45), SYNEX and HANA.

 

Trinity Securities gave a target price to JMT at ฿35/share after revised its 2020 profit to hit 937 million baht, an increase of 38% from a year earlier.