Stocks in Focus on September 30, 2020: EA and TACC
Stocks in Focus on September 30, 2020: EA (Country Group Securities TP at ฿51.00/share) and TACC (KGI Securities TP at ฿8.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 30, 2020.
Country Group Securities (CGS) has given a “BUY” recommendation on Energy Absolute Public Company Limited (EA) with a target price at ฿51.00/share.
CGS expected a CAGR of 12% during 2020-2025, supported by its EV and battery businesses that initiated the operations in 2H20 and expected a profitable recognition in 2021. CGS forecasted a high-growth rate for EA’s new businesses with an average net profit at 46% in 2021-2025. Meanwhile, the seasonality would benefit its wind farm in 3Q20.
KGI Securities has given an “Outperform” rating on T.A.C. Consumer Public Company Limited (TACC) with a target price at ฿8.00/share.
KGI expected TACC to report a 3Q20F net profit of Bt50mn (+20.0% YoY, +3.9% QoQ). If the result is in line with its forecast, 3Q20F and 9M20F earnings would account for 26% and 74% of KGI’s full-year estimate of Bt189mn.
KGI maintained its earnings projections for 2020-21 and maintained a rating of Outperform with a 2021 target price of Bt8.00 (based on 21.8x PE FY21F, translating to 1.26x PEG).