Stocks in Focus on July 3, 2020: RBF and TMB
Stocks in Focus on July 3, 2020: RBF (DBS Vickers Securities TP at ฿9.50/share) and TMB (Phillip Securities TP at ฿1.30/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on July3, 2020.
DBS Vickers Securities (DBSVS) has given a “BUY” recommendation on R&B Food Supply Public Company Limited (RBF) with a target price at ฿9.50/share.
DBSVS expected promising earnings in the future for RBF with a CAGR at 30% for the next two years due to its constant high sales and well-managed costs and expenses. Moreover, RBF has a strong net cash position and experienced executives along with various projects expecting to commence soon.
Phillip Securities has given a “BUY” recommendation on TMB Bank Public Company Limited (TMB) with a target price at ฿1.30/share.
Phillip expected TMB’s 2Q20 profit to report at 4,000 million baht, increasing 106.9% YoY, but decreasing 4.8% QoQ. The increase in YoY would be from the merger with TBANK, while the lower profit, when compared to the previous quarter, would be due to higher provision and the lower interest income. Phillip expected TMB’s 2020 profit to record at 15.1 billion baht, increasing 109.5% YoY.