Stocks in Focus on January 30, 2020: COM7 and SAWAD
Stocks in Focus on January 30, 2020: COM7 (KGI Securities TP at ฿31.50/share) and SAWAD (Maybank Kim Eng TP at ฿70.00/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 30, 2020.
KGI Securities has given an “Outperform” rating on Com7 Public Company Limited (COM7) with a target price at ฿31.50/share.
KGI expects COM7 to report a new record high profit of Bt320mn in 4Q19 (+21.0% YoY, +11.5% QoQ), on the back of Apple’s new product launch. In 2020, KGI expects COM7 to benefit from the rising demand for wearables and 5G-compatible mobile products. Thus, KGI maintains a rating of Outperform on the counter with a PER-based target price of Bt31.50.
Maybank Kim Eng has given a recommendation on Srisawad Corporation Public Company Limited (SAWAD) with a target price at ฿70.00/share.
Maybank expects SAWAD’s 4Q19 earnings to expand QoQ and YoY due to strong loan growth with good asset quality, coupled with benefit from low interest rate environment. This has a positive impact on its costs and the market is likely to raise its earnings forecast in the near future.