Stocks in Focus on March 16, 2020: CBG and TISCO

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on March 16, 2020.

 

KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿123.00/share.

KTBST is positive toward CBG’s new product, Wood C+ Lock, due to innovative packaging to reflect UV and store vitamin C, low price than its major counterpart and exempted from sugar-content tax, but is obliged to the function-drink excise tax of Bt1.5 per bottle based on an effective tax rate of 10% of the selling price.

KTBST  forecasts Woody C+ Lock sales to reach Bt300mn, or 2.5% of CBG’s total revenue, which would generate profit of Bt50mn, or 1.6% of CBG’s total net profit and more rooms to grow in the future.

 

Maybank Kim Eng has given a recommendation on Tisco Financial Group Public Company Limited (TISCO) with a target price at ฿105.00/share.

Maybank states that given the market fluctuations, TISCO’s share price has sharply fallen. As a result, TISCO’s dividend yield rose to 9.6% pa (offering DPS of THB7.75, XD on 27 April). Coupled with the low-interest rate environment, small banks focusing on auto HP loans should benefit from it.