Stocks in Focus on June 2, 2020: CPF and GPSC
Stocks in Focus on June 2, 2020: CPF (Krungsri Securities TP at ฿36.25/share) and GPSC (Maybank Kim Eng TP at ฿80.00/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 2, 2020.
Krungsri Securities has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF) with a target price at ฿36.25/share.
KSS stated that CPF will benefit from China’s move to suspend soybean imports from the US. Price of soybean meal, a key raw material in feed production, might drop and consequently, drive up margins of Thai feed producers. CPF will also benefit from higher swine prices in Vietnam, now at VND103,000/kg, after the ASF outbreak reduced swine supply.
Maybank Kim Eng has given a “BUY” recommendation on Global Power Synergy Public Company Limited (GPSC) with a target price at ฿88.00/share.
Maybank stated that power plants gain benefits from strong Baht while sharply decline in gas costs should offset electricity sales to industrial estate that partially dropped. This is coupled with profit sharing from Xaiyaburi projects that are expected to improve in 2Q20-3Q20.