Stocks in Focus on September 23, 2020: SAWAD and CPF

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 23, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on Srisawad Corporation Public Company Limited (SAWAD) with a target price at ฿62.00/share.

 

Maybank stated that the loan demands are forecast to expand +16% while fee income should grow stronger in 2H20. Coupled with good management of NPL and gradually expanding branches to boost portfolio, profit for this year and next year are forecast to grow +10%, +16% respectively.

Krungsri Securities (KSS)  has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿42.20/share.

 

KSS stated that softer baht tone, and earnings should continue to grow in 3Q20 given high season for food exports. Share swap deal for swine assets in China will strengthen CPF’s position and lift profitability.