Stocks in Focus on June 19, 2020: MTC and GPSC

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 19, 2020.

 

KGI Securities has given an “Outperform” rating on Muang Thai Capital Public Company Limited (MTC) with a target price at ฿61.00/share.

KGI stated that Bank of Thailand (BoT)’s policy to reduce lending rate would not have a material impact on MTC’s earnings, but instead it would be a short-term hiccup for loan growth. However, the growth hiccup, low lending rate staying longer, and potential asset quality deterioration are not fully priced in. With a demanding valuation, KGI preferred to buy on weakness.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿95.00/share.

KSS stated that GPSC is a safe stock from the coronavirus outbreak and trade war, coupled with positive factors from lower interest rates. Moreover, the Constitutional Court of Thailand denied the complaint from the ombudsman on raising EGAT’s domestic production to 51% or higher, which would be another positive factor to domestic power plant operators.