Stocks in Focus on January 8, 2020: INTUCH and GPSC

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 8, 2020.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿74.75/share.

AWS states that the firm’s main profit is from ADVANC, with 40.45% of INTUCH holding. In which AWS expected that in 2020, ADVANC is likely to see revenue growth driven form the revenue from mobile after the package war was relaxed, including the growth in broadband business in the midst of fierce competition in the broadband market.

 

Country Group Securities (CGS) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿98.00/share.

CGS states that it expects GPSC’s EPS to grow at an average of 22% in 2020-2022 with GPSC as a leader in SPP in Thailand. Moreover, the profit will grow solidly and constantly from the purchase of GLOW and the commercial operation of Xayaburi. The total installed capacity of GPSC would increase more than three folds to 4.7 GWe. Lastly, the fact the GPSC has PTT as a major holder has given itself an opportunity to expand its business further.