Stocks in Focus on 23 August 2019: GLOBAL and GUNKUL

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on August 23, 2019.

 

KGI Securities recommended “BUY” Siam Global House Public Company Limited (GLOBAL) share with the target price of ฿19.60/share, setting a support line at ฿15.20 and a resistance line at ฿15.70 – ฿16.00, stop loss at ฿14.90. KGI said that if share price passed the estimated resistance line, the next resistance would be ฿16.50.
KGI estimated that the government’s stimulus plan, especially the support on agricultural products and extensions of debt repayment terms for farmers, will be a positive sentiment to GLOBAL’s share price. However, the share price has decreased after announcing a weak 2Q2019’s financial statement. PE in 2019-2020 is 30x and 25x, respectively which is lower than the past average at 35x.

Finansia Syrus Securities recommended “BUY” Gunkul Engineering Public Company Limited (GUNKUL) share with the target price of ฿3.50/share. Finansia stated that GUNKUL has been one of power generation sectors that the price is laggard since GUNKUL announced an increase of financial statement in 2Q2019 which was better than the market had expected. The current PE is only 13x, although GUNKUL benefited from PDP 2018 which will increase the renewable energy’s capacity.
The 1H2019 of profit calculated as an estimate of 37% from the profit of the whole year in 2019. Finansia said a half-year profit was quite outstanding because of the high season of wind power in Thailand and solar energy in Japan. Moreover, GUNKUL has also recognized a huge amount of revenue from EPC and business purchasing agreement in Vietnam, Malaysia and Taiwan are ongoing.