Stocks in Focus on May 22, 2020: RS and CHG

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on May 22, 2020.

 

Krungsri Securities has given a “BUY” rating on RS Public Company Limited (RS) with a target price at ฿14.00/share.

KSS had positive views on RS’ earnings prospects for this year and next, premised on aggressive strategies at both the TV and Commerce units.  RS plans to sell more content (drama) overseas, expand the Commerce business by adding distribution channels through partners, i.e. Workpoint TV, Thairath TV, and Amarin TV, and launch new products, in addition to skin care and cordycep.

 

KGI Securities has given an “Outperform” on Chularat Hospital Public Company Limited (CHG) with a target price at ฿3.10/share.

KGI stated that although it had been pessimistic about CHG’s 2Q20 earnings, assuming that the most negative impact from the COVID-19 outbreak would be felt in April, KGI thought that the company would have less negative impact than others.

For 2H20, KGI was positive about the company’s business outlook, supported by i) entering the strong season (rainy and cold seasons), ii) pent-up demand from 1H20, iii) benefit from rising fees in social security segment, and iv) no negative impact from high cost care (HCC) this year.