Stocks in Focus on December 24, 2019: BEM and RBF

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 24, 2019.

 

Trinity Securities has maintained a “BUY” recommendation on Bangkok Expressway and Metro Public Company Limited (BEM) with a target price at ฿11.50/share.

Trinity has stated that the market is panicking that the outcome for the concession was 15 years instead of 30 years as anticipated. However, Trinity sees that the 15 years and 30 years concession does not have any different due to the fact that if BEM accepts the 15 years concession, the company would not need to invest in the double-deck which would be around 30 billion baht. Moreover, Trinity sees that the purpose of the investment in the double deck was to provide commuters a convenient route, not to increase the number of commuters.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on R&B Food Supply Public Company Limited (RBF) with a target price at ฿4.60/share.

FSS sees the opportunity to accumulate RBF after a plummet as its 2020PE is 19x, lower than the average of F&B sector at 24x. Meanwhile, the profit in 4Q19 has the potential to increase continuously. Primarily, FSS expected a net profit of 100 million baht, increased 11% when compared to the same period of last year, which would make its yearly net profit to increase 13% to 378 million baht. The company will start to recognize the revenue from Bread crumbs factory in Vietnam and Indonesia as well.