Stocks in Focus on November 11, 2019: EA and MINT

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on November 11, 2019.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Energy Absolute Public Company Limited (EA) with a target price at ฿60.00/share.

FSS states that EA’s profit in 3Q19 was better than what the market had expected around 12-15% after reported a new high of net profit at 1.67 billion baht from the gross profit margin at 55.8% while selling and administrative expenses declined tremendously. More importantly, the company also fully recognized the revenue from its power plant projects, making its EBITDA margin to reach an all-time high at 67.8%.

The profit in 2019 and 2020 are expected to grow by 20% and 19%, respectively. Meanwhile, most of EA’s new projects will be initiated in 2Q20 such as the 1GWh battery factory, EV “MINE,” electronics ferries project, green diesel project, PCM and electronics charging station.

 

Krungsri Securities (KSS) has given a “BUY” on Minor International Public Company Limited (MINT) with a target price of ฿47.00/share.

KSS states that MINT is its top pick in the sector and MINT will be a chief beneficiary of rising tourist arrivals during the year-end high tourist season in Thailand. After selling 3 Tivoli hotels, KSS sees a lower risk of a capital call. MINT’s portfolio is also well-diversified with equal revenue contribution from F&B and hotel operations, and also equal contribution from domestic and international operations.