Stocks in Focus on September 10, 2019: IRPC and SAMTEL

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on September 10, 2019.

 

KGI – IRPC

KGI Securities has made an analysis on IRPC Public Company Limited (IRPC), giving a “BUY” recommendation with a target price at ฿5.00/share. KGI estimates the support level to be at ฿3.80/share and the resistant level at ฿3.92/share. If the share price could surpass the current resistant level, the next line would be at ฿4.20/share (stop loss ฿3.74/share).

KGI’s analyst estimates that the revenue in 3Q19 will be better after the increase of GRM at $5.7/bbl QTD, compared to $.9/bbl in 2Q19.

 

KGI – SAMTEL

KGI Securities has made an analysis on Samart Telcoms Public Company Limited (SAMTEL), giving a “BUY” recommendation with a target price at ฿14.30/share. KGI estimates the support level to be at ฿9.90/share and the resistant level at ฿10.50/share. If the share price could surpass the current resistant level, the next line would be at ฿11.00/share (stop loss ฿9.60/share).

KGI’s analyst estimates that the revenue in 2H19 to 1H20 will be better from the government’s stimulus plan for consumers while the current valuation of SAMTEL is not expensive with a PE in 2019 at 12x and a dividend yield of 6%.