Stocks in Focus on December 25, 2019: BDMS and CKP
Stocks in Focus on December 25, 2019: BDMS (Maybank Kim Eng TP at ฿28.00/share) and CKP (KTB Securities TP at ฿5.25/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 25, 2019.
Maybank Kim Eng has given a recommendation on Bangkok Dusit Medical Services Public Company Limited (BDMS) with a target price at ฿28.00/share.
Maybank expects the core earnings for 4Q19 should expand from a low base in 4Q18 that saw EBITDA Margin growing at 17%. The current level is 21-22%. Moreover, Maybank also expects the positive momentum should continue next year as it enters the harvesting period after five years of investment phase.
KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on CK Power Public Company Limited (CKP) with a target price at ฿5.25/share.
The share price has plunged over 20% in the past three months. KTBST believes that the drought crisis has been priced-in and now is the opportunity to purchase the shares in which the profit in 2020 is expected to grow outstandingly from the COD of Xayaburi Project with a total capacity of 1,220MW (CKP holding 38% stake). The company had just started to recognize the income at the end of October and will be fully recognized in 2020.
The Xayaburi Project will increase CKP’s production capacity for over 111%. It is expected that the normalized profit of CKP will reach 1.8 billion baht, increased over 300% YoY.