Stocks in Focus on June 16, 2020: ERW and CK

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on June 16, 2020.

 

Krungsri Securities (KSS) has given a “BUY” rating on The Erawan Group Public Company Limited (ERW) with a target price at ฿4.80/share.

KSS advised for a speculative buy on ERW over the news of the Ministry of Tourism and Sports proposing tourism measures to the Thai Cabinet in today’s meeting. The measures included a 5,000 baht subsidy for domestic travelling in which KSS expected to have positive sentiment to hotel operators such as ERW that has 90% of sales revenue from domestic income.

 

Tisco Securities has given a “BUY” recommendation on CH. Karnchang Public Company Limited (CK) with a target price at ฿23.80/share.

TISCO stated that although the operation in Q2 would be weakened from lower profit sharing, TISCO still maintained its BUY recommendation on the long-term growth of CK. The revenue is expected to increase in 2H20 along with more projects to come, which would support CK’s 2021 revenue. The total investment of CK when subtracting debt is ฿25.03/share, which is higher than the current price.