Stocks in Focus on 27 August 2019: TCAP and INTUCH

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on August 27, 2019.

KGI Securities recommended “BUY” Thanachart Capital Public Company Limited (TCAP) share with the target price of ฿61.00/share, setting a support line at ฿50.00 and a resistance line at ฿52.25, stop loss at ฿18.00. KGI said that if share price passed the estimated resistance line, the next resistance would be ฿54.00. TCAP’s Board of Directors approved a share repurchase not exceeding 97 million shares with the maximum amount not exceeding ฿5,000 million and pay ฿4.00/share for the extraordinary dividend (extraordinary yield 8%) which KGI expected that all of the extraordinary payment will be paid after the deal between TMB+TBANK is complete.

Finansia Syrus Securities recommended “BUY” Intouch Holdings Public Company Limited (INTUCH) share with the target price of ฿67.00/share. Finansia stated that INTUCH is a good place for saving money while the market is volatile. Moreover, Finansia expected the 2H2019 to increase 12% from 1H2019, 25% YoY and a whole year profit to rise 7% to THB 12.6 billion. This will be the first growth of INTUCH after it has continued to shrink for 3 years due to the recovery of ADVANCE profit from a decrease in competition. Finanasia said INTUCH is more interesting than ADVANC because the price is 26% cheaper than NAV which is more than the past 10 years average by 20% while offering a higher dividend yield at 4.5%.