Stocks in Focus on October 27, 2020: CPN and SAWAD
Stocks in Focus on October 27, 2020: CPN (Kasikorn Securities TP at ฿59.00/share) and SAWAD (Maybank Kim Eng TP at ฿62.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 27, 2020.
Kasikorn Securities (KBANK) has given a “BUY” recommendation on Central Pattana Public Company Limited (CPN) with a target price at ฿59.00/share.
KS expected 3Q20 net profit to decline by 39.6% YoY but jump 72.5% QoQ, while the 4Q20 net profit should further recover. However, KS revised down FY2020-22 earnings projections to price in the longer-than-expected travel restrictions.
Maybank Kim Eng has given a “BUY” recommendation on Srisawad Corporation Public Company Limited (SAWAD) with a target price at ฿62.00/share.
Maybank expected loan demand in 2H20 to rise, coupled with branch expansion and benefiting from low interest rate environment, while the current stock price has fallen sharply. These factors would give upside to SAWAD even more while increasing the attractiveness for accumulation as well.