Stocks in Focus on October 29, 2020: INTUCH and GLOBAL
Stocks in Focus on October 29, 2020: INTUCH (Krungsri Securities TP at ฿74.00/share) and GLOBAL (KGI Securities TP at ฿22.50/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 29, 2020.
Krungsri Securities (KSS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿74.00/share.
KSS stated that in the volatile market, dividend stocks such as INTUCH are a safer bet. KSS estimated INTUCH’s dividend yield at 5% p.a. compared to 3.5% for ADVANC.
KGI Securities has given an “Outperform” rating on Siam Global House Public Company Limited (GLOBAL) with a target price at ฿22.50/share.
KGI stated that even though GLOBAL’s 3Q20 earnings would miss its forecast by 12%, the security company anticipated good earnings momentum, entering the harvest season. Thus, KGI maintained a rating of Outperform with an end-2021 target price of Bt22.50, based on unchanged PER 34.0x (+0.5 S.D the average between GLOBAL and its peer Home Product Center Public Company Limited (HMPRO).