Stocks in Focus on September 26, 2019: MAJOR and PRM

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

 

Kingsford – MAJOR
Kingsford Securities has stated that Major Cineplex Group Public Company Limited (MAJOR) will have another surge in the fourth quarter from high anticipated movies such as Frozen II, Starwar: Rise of Sky Walker and Jumanji: The Next Level.

MAJOR’s net profit in 2019 and 2020 is expected to be 1.22 billion baht (-4% YoY) and 1.32 billion baht (+8% YoY), respectively. Meanwhile, the buying pressure started to return for the previous two consecutive days, thus, Kingsford sees as an opportunity for speculative buy at an IAA consensus target price of ฿31.75/share.

 

Kingsford – PRM
Kingsford Securities has stated in the analysis that Prima Marine Public Company Limited (PRM) will continue to grow in the second half of 2019 from the increased number of domestic cargo ships and services while the high BDI is still the major factor to benefit international cargo ships. The second half revenue from floating storage unit (FSU) services will be recognized from a total of 8 ships currently in services to support the demand of reserving low sulfur fuel oil (LSFO) according to IMO 2020.

Presently, the utilization rate is 100%. It is expected that the net profit in 2019 and 2020 will grow by 41% and 23%, respectively. Thus, Kingsford recommends BUY with a target price at ฿9.30/share.