Stocks in Focus on December 23, 2020: IIG and SC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 23, 2020.

 

KGI Securities has given an “Outperform” rating on I&I Group Public Company Limited (IIG) with a target price at ฿30.00/share.

KGI initiated coverage on IIG with a rating of Outperform given the convincing digital transformation trend and growing adoption of cloud-based software providing huge growth opportunities for its CRM, ERP, and data analytic business.

KGI expected the company to achieve 3-year net profit CAGR of 29% through 2022F. The security company’s target price is Bt30.00, based on 37.0x 2021F PE, implying +1.0SD to its regional peers’ long-term mean.

 

Maybank Kim Eng has given a “BUY” recommendation on SC Asset Corporation Public Company Limited (SC) with a target price at ฿3.50/share.

Maybank expected SC’s 4Q20 earnings outlook to beat the market forecast thanks to better than expected growth of mid to high end customers of low rise properties. This includes a regular high dividend payout of 6% pa and trading at 6.2 PE, which makes it more attractive for accumulating