Stocks in Focus on January 13, 2020: BEM and TISCO

Stocks in Focus on January 13, 2020: BEM (Maybank Kim Eng TP at ฿12.00/share) and TISCO (Finansia Syrus Securities TP at ฿112.00/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 13, 2020.

 

Maybank Kim Eng has given a recommendation on Bangkok Expressway and Metro Public Company Limited (BEM) with a target price at ฿12.00/share.

Maybank states that passengers of BEM’s subway in Dec 2019 were 365k trips/day, strong growth of +25%YoY (Nov +21%YoY), reflecting a positive signal. Maybank expects ridership may break a new record high on Jan 20 with a growth of 25-30% YoY. Concession extension of the expressway is forecast to be approved by the Cabinet before the contract expires on Feb 20.

 

Finansia Syrus Public Company Limited (FSS) has given a “BUY” recommendation on Tisco Financial Group Public Company Limited (TISCO) with a target price at ฿112.00/share.

FSS states that TISCO is expected to announce the 4Q19 and 2019 financial statement tomorrow with an estimated profit at 1.9 billion baht, increasing 2% QoQ and 11% YoY. As for the movement in 2020, TISCO had less volatility in the banking sector with limited effect from rate cut while having excess reserve for TFRS 9. Moreover, FSS believes that TISCO will maintain the dividend yield at 7% per annum.