Stocks in Focus on April 21, 2020: KKP and EPG
Stocks in Focus on April 21, 2020: KKP (Maybank Kim Eng TP at ฿60.00/share) and EPG (Krungsri Securities TP at ฿7.50/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 21, 2020.
Maybank Kim Eng has given a “BUY” recommendation on Kiatnakin Bank Public Company Limited (KKP) with a target price at ฿60.00/share.
Maybank states that the 1Q20 earning results beat on strong revenue growth; asset quality stable QoQ. Meanwhile, loans grew 7.2% YoY and 5.0% QoQ driven by strong housing loans and corporate loans. NIM grew 38bp QoQ to 4.62% due to TFRS 9 interest income calculation based on effective interest method and the recognition of interest income from NPLs as well as a lower FIDF fee.
Krungsri Securities (KSS) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (EPG) with a target price at ฿7.50/share.
KSS states that the low oil prices would reduce PET cost and lift margins. In the meantime, the 4Q20F profit (Jan-Mar 2020) should stay above THB200m driven by Aeroflex and Aeroklas businesses which benefited from a weaker baht.