Stocks in Focus on September 10, 2020: CENTEL and PRM
Stocks in Focus on September 10, 2020: CENTEL (Krungsri Securities TP at ฿28.00/share) and PRM (Tisco Securities TP at ฿11.50/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 10, 2020.
Krungsri Securities has given a “BUY” recommendation on Central Plaza Hotel Public Company Limited (CENTEL) with a target price at ฿28.00/share.
KSS stated that the share price of CENTEL has tumbled 14% this year, which offers a buying opportunity for investors. Meanwhile, KSS estimated that earnings have bottomed-out, while CENTEL has the strongest balance sheet among peers and no recapitalization risk.
Tisco Securities has given a “BUY” recommendation on Prima Marine Public Company Limited (PRM) with a target price at ฿11.50/share.
Tisco estimated PRM’s 2H20 performance to grow with an expansion of 54% and 21% YoY in 2020-21, respectively. The increase was due to 1) the recognition of higher FSU in 3Q20 throughout 2Q21, 2) Tisco expected GPM to remain high at 39.7% in 2020, 3) the plan to increase its fleet and other business expansions. In addition, Tisco stated that the current trading price of PRM is at -0.5SD at its historical average of PER 20x, which reflects an attractiveness for investment.