Stocks in Focus on October 7, 2020: PLANB and SIS
Stocks in Focus on October 7, 2020: PLANB (Krungsri Securities TP at ฿7.80/share) and SIS (Maybank Kim Eng TP at ฿24.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 7, 2020.
Krungsri Securities (KSS) has given a “BUY” recommendation on Plan B Media Public Company Limited (PLANB) with a target price at ฿7.80/share.
KSS stated that PLANB’s earnings have bottomed out and profit would hit a new high in 2021, driven by higher OOH revenues, contribution from MACO and 7-11, and full-year revenues from new contract signed with the Football Association of Thailand.
Maybank Kim Eng has given a “BUY” recommendation on SIS Distribution (Thailand) Public Company Limited (SIS) with a target price at ฿24.00/share.
Maybank stated that SIS’ 3Q20 revenue and profit are forecast to grow QoQ and YoY, which would break the previous all time high thanks to strong demand coupled with attractive valuation where the share is traded on 13x PE, lower than peers that traded on 18x, making it more attractive for accumulation.