Stocks in Focus on December 24, 2020: GGC and KBANK
Stocks in Focus on December 24, 2020: GGC (KGI Securities TP at ฿10.40/share) and KBANK (Maybank Kim Eng TP at ฿140.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 24, 2020.
KGI Securities has given an “Outperform” rating on Global Green Chemicals Public Company Limited (GGC) with a target price at ฿10.40/share.
KGI expected GGC to report 4Q20 earnings of Bt325mn (+70% YoY, +226% QoQ) mainly thanks to a better biodiesel margin and higher stock gains. GGCs biodiesel gross profit margin is estimated to increase YoY and QoQ to 10.8% for the quarter after CPO price soared 55% YoY and 71% QoQ to Bt35.7/kg in 4Q20.
In addition, KGI estimated significantly higher stock gains of Bt250mn in 4Q20, up YoY and QoQ from stock losses of Bt13mn and Bt68mn, respectively. KGI reiterated a rating of Outperform on the counter with a 2021 target price of Bt10.40, based on 17.0x P/E thanks to anticipated big earnings growth of 97% next year.
Maybank Kim Eng has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price at ฿140.00/share.
Maybank stated that the domestic economy is forecast to recover in mid-term, leading to higher loans and lower provisions. These should be a factor to boost earnings to continue to recover next year. This is a good time to gradually accumulate stocks.