Stocks in Focus on August 26, 2020: BGC and TU
Stocks in Focus on August 26, 2020: BGC (Kasikorn Securities TP at ฿14.00/share) and TU (Krungsri Securities TP at ฿17.60/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 26, 2020.
Kasikorn Securities has given a “BUY” recommendation on BG Container Glass Public Company Limited (BGC) with a target price at ฿14.00/share.
KS expected BGC to benefit from softer natural gas costs and a wider gross profit margin. The security company upgraded TU’s 2020/21/22 earnings by 13.3%/0.2%/0.4%. 3Q20 normalized profit to surge more than 50% both YoY and QoQ while continuous growth is expected in 4Q20 amid high season for beer sales.
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿17.60/share.
KSS stated that the sentiment would be lifted by a softer baht, while TU’s 2H20 earnings should rise due to the high season. Moreover, KSS pointed out that the detection of Covid-19 in food imported from Ecuador creates an opportunity for TU to grab market share.