Stocks in Focus on December 27, 2019: STEC and INTUCH

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

 

Kasikorn Securities (KS) has given a recommendation on Sino-Thai Engineering and Construction Public Company Limited (STEC) with a target price at ฿21.50/share.

KS states that the stock’s decline has been overdone and expects parliament will vote on and pass the fiscal 2020 budget bill in January. Government investment should expand more than 6% in 2020. STEC’s share price should thus rebound from its current Fwd PBV level of -3SD.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿78.20/share.

INTUCH’s performance is likely to revise up in accordance to ADVANC’s growth (INTUCH holds 40.5% of ADVANC’s share) driven by the growth of mobile business revenue which has already passed the bottommost of the package competition including revenue of broadband business that has been continuously growing while the potential to develop 5G technology will be essential in the future.

INTUCH is a company that pays consistent dividends. The 2019 dividend yield is expected to be at 4.8%.