Stocks in Focus on 5 August 2019: JMT and KKP

On August 5, 2019, Kaohoon Online has selected two stocks with a potential of high growth for investors to consider.

Krungsri Securities (KSS) recommended “BUY” JMT Network Services Public Company Limited (JMT) share with IAA consensus’s target price of THB 24.00/share and said a dip in the share price offers an opportunity to accumulative. The net profit should hit a new high every quarter this year supported by an expanding portfolio. The current portfolio is large at THB 140 billion, sufficient to generate cash flow for the next 12 years. Good news is commercial banks’ plan to write off THB 200 billion worth of NPL this year.

Krungsri Securities (KSS) recommended “BUY” Kiatnakin Bank Public Company Limited (KKP) share with the target price of THB 77.00/share. KSS stated that the KKP is a laggard, rising only 10% vs +20% for TISCO in the last 3 months. The dividend yield is expected at 6-7% p.a. KKP pays dividends twice a year which TISCO pays once. The slow brokerage business should recover. KKP will book more IB income from large deals such as TMB+TBANK and CRC. Earnings have bottomed out.