Stocks in Focus on 26 July 2019: TU and WORK

On July 26, 2019, Kaohoon Online has selected two stocks with a potential of high growth for investors to consider.

Thai Union Group Public Company Limited (TU)
Krungsri Securities recommend “BUY” TU, emphasizing IAA Consensus target price of ฿21.40/share, stating that earnings should grow in 2Q19 as lower tuna costs (-38% yoy) would lift GPM from 13.8% in 1Q19 to 16%. The positive growth momentum should continue into 3Q19.

Workpoint Entertainment Public Company Limited (WORK)
Krungsri Securities recommend “BUY” WORK at a target price of ฿35.00/share, seeing that WORK is a turnaround and value stock. Krungsri Securities also states that earnings should continue to recover driven by the program reshuffling with improving ratings, especially for 10 Fight 10 program. WORK has ample cash in hand after authorities waived last two instalment payments for its license. WORK may pay extra dividends or invest in new businesses to drive future growth.