Stocks in Focus on March 4, 2020: INSET and NOBLE

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on March 4, 2020.

 

Phillip Securities (Thailand) has given a “BUY” recommendation on Infraset Public Company Limited (INSET) with a target price at ฿3.33/share.

Phillip states that INSET’s 2019 profit grew 25% YoY mainly from revenue recognition of USO (Phase 1). INSET’s 2020 revenue is expected to continue its growth by 10% YoY. Although the Google Station Project got cancelled, the company had yet to invest much in the project while shifting the investment to other projects could make higher returns. Moreover, INSET held a total of 2,064 million baht worth of backlog at the end of 2019 in which the company expected to recognize to the revenue around 50%. INSET also offered a dividend payment at ฿0.115/share, XD April 29.

 

Asia Wealth Securities has given a “BUY” recommendation on Noble Development Public Company Limited (NOBLE) with a target price at ฿23.20/share.

AWS expects NOBLE to book a revenue in 2020 at 10,930 million baht mainly from the recognition of its backlog worth 8,100 million baht. Moreover, 4,000 million baht is expected to be booked in the revenue from subscription for the completed projects. Meanwhile, there are also two commercial property planning to be sold as well.

The net profit is expected at 1,932 million baht, which is considerably high when compared to its historical record, excluding 2019 in which the company had a one-time gain from land selling of 6,780 million baht.

The virus outbreak would have a short-term effect on NOBLE. If the outbreak eases, it would boost NOBLE’s sales revenue in the second half.