Stocks in Focus on August 7, 2020: INTUCH and ADVANC
Stocks in Focus on August 7, 2020: INTUCH (Maybank Kim Eng TP at ฿65.00/share) and ADVANC (KGI Securities TP at ฿241.00/share).
Stocks in Focus on August 7, 2020: INTUCH (Maybank Kim Eng TP at ฿65.00/share) and ADVANC (KGI Securities TP at ฿241.00/share).
7 ส.ค. 2563

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 7, 2020.
 
Maybank Kim Eng has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿65.00/share.
Maybank stated that given its affiliates ADVANC AND THCOM both reported better than expected earnings, we believe it should positively affect INTUCH’s earnings. Combined with an expected dividend of 4% pa, this makes INTUCH more attractive to invest in the stocks.
 
KGI Securities has given an “Outperform” rating on Advanced Info Service Public Company Limited (ADVANC) with a target price at ฿241.00/share.
KGI stated that ADVANC’s earnings of Bt7.0bn (+4% QoQ, -10% YoY) was 10% above its forecast and 7% above the market consensus. Excluding extra items, core earnings stood at Bt6.7bn (-7% QoQ, -19% YoY) pressured by lower revenue and lower subscriber base and ARPU.
Though 1H20 core profit represented 51% of KGI’s full-year forecast, the security company still maintained its earnings forecasts at Bt27.4bn (-14% YoY) in 2020F and Bt27.7bn (+3% YoY) in 2021F, as KGI expected core profit to remain flat HoH in 2H20.