Stocks in Focus on July 9, 2020: JMT and LH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 9, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿31.50/share.

Maybank expected JMT’s 2Q20 earnings at THB210m (+2% QoQ, +40% YoY), which would be a new all-time high again and expected to continue accelerating in 2H20, benefiting from the cash collection and recognition of revenue from debt portfolio with completely written off.  In addition, JMT also continues to buy more debts as planned.

 

Kasikorn Securities (KS) has given a “BUY” recommendation on Land and Houses Public Company Limited (LH) with a target price at ฿9.60/share.

KS stated that the Horizontal Property sales should hit a new high in 2Q20 even with a lockdown in the beginning of 2Q. Moreover, LH could reach its 2020 target at 28 billion baht after recording 48.6% from its total sales target in 1H. The company also planned to open more new projects in 2H.

LH profit in 2Q20 was expected to decrease both YoY and QoQ due to the impact of the coronavirus outbreak on LH’s recurring business, however, the recovery should be solid in 2H.