Stocks in Focus on April 28, 2020: BEM and CPF

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 28, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on Bangkok Expressway and Metro Public Company Limited (BEM) with a target price at ฿13.30/share.

Maybank states that despite revenue from expressways and electric trains contracted in a short term, due to Covid-19, however, given the government’s measures start to relax, it should drive the revenue to recover in the next period. Combined with its strong financial status, Maybank sees that it is a stock good for accumulation to capture earnings recovery in 2H20.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿32.75/share.

KSS states that CPF will only be mildly affected by the U.S. decision to remove GSP tariff benefits, as the U.S. accounts for only 1% of CPF’s exports. 1Q20F net profit is projected to jump 20% QoQ and 52% YoY to 5,000 million baht, and outperform the sector.