Stocks in Focus on August 28, 2020: PRM and ICHI
Stocks in Focus on August 28, 2020: PRM (Tisco Securities TP at ฿11.50/share) and ICHI (Finansia Syrus Securities TP at ฿11.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 28, 2020.
Tisco Securities has given a “BUY” recommendation on Prima Marine Public Company Limited (PRM) with a target price at ฿11.50/share.
Tisco revised up PRM’s 2020-21F revenue to grow 54% and 21% YoY, respectively, with an upgraded target price to ฿11.50. The security company stated that the demand in FSU business would increase, while the company planned to add two vessels and the recovery in transportation after the lockdown easing. Moreover, the gross profit margin also expected to increase from higher service fees and lower costs.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (ICHI) with a target price at ฿11.00/share.
FSS expected ICHI’s earnings in 2H20 to grow, supported by its new products such as Ph Plus 8.5, C&E (C200) and Ichitan Vitt CC, while the company targeted to increase its sales overseas. FSS maintained 2020 earnings at +29% YoY and revised up 2021 earnings by 5% to 15% YoY based on the increase in production.